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The fact that an HOA is arguably using the funds on an ongoing basis, whereas a developer private transfer fee is used to reimburse the developer for costs already incurred, is a distinction of little import, particularly when courts have routinely upheld HOA transfer fees without any necessity of showing the use of proceeds.
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.
Arizona’s Family reports that FS Residential“increased the fines to $100 monthly for June, July and August. “It’s absolutely asinine, I don’t understand,” Martin told Arizona’s Family.
Often, the HOA passes this ever-rising cost on to the homeowners in the form of higher monthly fees or larger one-time fees called special assessments. This jump in homeownership costs can have a ...
An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.
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A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...
The NFC wild-card game between the Los Angeles Rams and Minnesota Vikings is being moved to Arizona, the NFL announced Thursday. The game remains scheduled for Monday at 5 p.m. PT, but will now be ...