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HOAs are found principally in the United States, Canada, the Philippines, as well as some other countries. They are formed either ipso jure (such as in a building with multiple owner-occupancies), or by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision. [1]
Some critiques of how HOAs operate exist and offer greater scrutiny along the lines of this particular criticism (and many persuasive arguments for readers' consideration, i.e., such as the following citation focusing on the problem of volunteer board members ruling on upholding fines assessed by a for profit management company against other ...
HOAs are generally established at the time a residential neighborhood is built and sold. Sometimes older established neighborhoods form an HOA to help regulate rules and standards. In some cases, neighborhood associations exist simultaneously with HOAs, and each may not encompass identical boundaries.
The number of HOA governed homes is increasing in the U.S., and it is only a matter of time before you, or someone you know, considers moving into one.
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In 2020, 80% of all new homes being built in South Carolina were in communities that required an HOA to help govern them, according to the Community Associations Institute (CAI), a national ...
A large number are purchased, as new homes from a real estate developer or as an existing home from a previous landlord or owner-occupier. A house is usually the most expensive single purchase an individual or family makes, and often costs several times the annual household income.
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