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While HOA fees may not always be deductible, there are other home expenses that can be deductible: Mortgage interest . You can deduct mortgage interest on your primary or secondary residence as ...
An HOA, or homeowners association, is a type of community association made up of all of the homeowners in a particular planned community. HOAs, like condo associations, are responsible for ...
HOA board members and homeowners have responsibilities. Check over the laws to make sure they’re being followed.
The property owners paid the fee to the homeowners' association. [177] The Court agreed that "a covenant to pay a sum of money is a personal affirmative covenant which usually does not touch or concern the land." [178] Nonetheless, the court reasoned that property owners gained access to public roads, beaches, and public parks, and public ...
When you buy a property in an HOA-governed community, you are obliged to become a member of the association and abide by its rules and regulations, which you cannot legally decline.
If the "asset" is a property, the title or deed can be legally divided into shares. In certain instances this is done by creating a "mezzanine structure", i.e., creating a company which owns the property then allowing multiple owners or investors to own shares in the company. Those shares can then be purchased and owned by more than one individual.
HOA fees can be a lot. If you're a homeowner, you may not feel like the price you're paying is justified -- and it could also be eating into your budget. I'm a Real Estate Agent: Buy Real Estate in...
Boston. Mean Monthly HOA Fee: $444 Population in Massachusetts living in HOA: 23.8% Average Annual Property Tax in Massachusetts: $4,535 Find Out: Cheapest Places To Buy a Home in Every State