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Despite judges ordering the HOA to produce financial documents, the association refused to comply, even appealing one judge’s ruling. An appeals court threw out the appeal.
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.
Can you refuse to join an HOA in Texas? Not really. 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 ...
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Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Private transfer fee covenants are filed in the real property records of the county in which the real property that is to be made subject to the fee is located. The instrument is typically styled "Declaration of Covenant", "Covenants, Conditions and Restrictions", or similar, and is executed by the property owner, known as the "Declarant".
Being in an HOA typically involves adhering to community rules and regulations, and paying regular dues to help maintain a neighborhood's appearance and potentially increase property values.
Properties entered a joint venture with Perpetual Real Estates (Perpetual), forming a partnership called "Arlington Apartment Associates" (AAA) to build condominiums. During the building process AAA needed further financing; Properties could not put up its share, so Perpetual loaned it $1.05 million and got a personal guarantee from Aaron.