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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. [1]
Living in a Michigan homeowners association can come with its pros and cons. Debates over imposed rules, violation notices and fines can quickly become the hot topic of a neighborhood.
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.
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.
Living in an HOA or Condominium Owners Association (COA) community subjects homeowners to periodic fees or dues to cover costs of things like landscaping, security, snow removal, and repairs and ...
[1] [2] In most cases a younger spouse or significant other is permitted to live in the community as long as one member meets the minimum age requirement. [ 3 ] [ 4 ] Age-qualified communities, also known as 55+ communities , active adult communities , lifestyle communities , or retirement communities , are often planned communities that offer ...
You're planning to purchase a new home, and while browsing online, you've noticed many of the listings you're interested in contain unfamiliar real estate terms. Specifically, you want to learn ...
Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. [2] The amount of public housing is capped via the Faircloth Limit , and when available can only be offered to households meeting certain eligibility requirements.