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  2. What is an HOA insurance policy?

    www.aol.com/finance/hoa-insurance-policy...

    The policy payments are usually divided and each member within the HOA pays an equal fee towards the policy. However, the fees may be lower or higher depending on each member’s access to ...

  3. Fee simple - Wikipedia

    en.wikipedia.org/wiki/Fee_simple

    A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute", which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination).

  4. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

  5. Homeowner association - Wikipedia

    en.wikipedia.org/wiki/Homeowner_association

    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.

  6. What is an insurance declaration page? - AOL

    www.aol.com/finance/insurance-declaration-page...

    After purchasing an insurance policy, you will receive a copy of your entire policy, including the declarations page. This document might be provided in hard copy form or sent electronically ...

  7. Fee Simple vs. Leasehold: What You Need to Know

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    For premium support please call: 800-290-4726 more ways to reach us

  8. Property law in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_law_in_the_United...

    In most states, full ownership of land is known as fee simple, fee simple absolute, or fee. [14] Fee simple refers to a present interest in the land, which continues indefinitely into the future. [14] One other type of ownership is the defeasible fee, which is like fee simple, except that it can end upon some event occurring. [14]

  9. Condominium - Wikipedia

    en.wikipedia.org/wiki/Condominium

    Initially, the concept of a condominium was introduced by the Federal Law "On the Fundamentals of the Federal Housing Policy" No. 4218-1 dated December 24, 1992: "Condominium is an association of owners of residential premises in apartment buildings with the establishment of conditions for joint ownership and use of inter-apartment stairs ...

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