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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.
In one example, newer infill neighborhoods built decades after the original, surrounding HOA-less neighborhood may have its own HOA but also be within the boundaries of a NA. In the United Kingdom , it is known as a residents' association (RA).
In community association law as in many other areas of the law, there are myriad administrative technicalities that are legally required in order to conduct business and exercise rights. Any ...
The HOA governs the CID based upon the incorporated covenants, conditions, and restrictions (CC&Rs) which were recorded when the property was subdivided. [citation needed] The CC&Rs will outline the financial budgeting guideline for the HOA in determining the dollar amount in maintenance fees for assessing the owners. In a wholly owned CID ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Support for the use of private transfer fees largely came from community associations, real estate developers and various environmental and non-profit organizations. [21] Opposition to the rise of private transfer fee covenants arose largely from the National Association of Realtors ("NAR") and the American Land Title Association ("ALTA").
Learning to plan ahead is a great strategy when it comes to taxes. Many Americans are looking for ways to limit what they owe via credits or deductions.
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...