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A neighborhood or condo complex with tennis courts, a gym or a pool (or all three), for example, will have much higher fees than one without. Your HOA fees help cover those nice-to-have features ...
A condo association can increase HOA fees as much as it wants to cover reserves, but condo owners can push back if a budget is 15% more than the previous year, said David Podein, a partner at the ...
The average HOA fees come in around $250 per month for a single-family home, according to iProperty Management’s most recent numbers. But 45% of HOA members say their fees increased in the past ...
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.
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Homeowners were given an alternative: a 17% increase in monthly fees, plus a single payment of $3,000. One resident said his family had saved up almost that much but it wasn’t meant for costlier ...