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Often, the HOA passes this ever-rising cost on to the homeowners in the form of higher monthly fees or larger one-time fees called special assessments. This jump in homeownership costs can have a ...
HOA board members and homeowners have responsibilities. Check over the laws to make sure they’re being followed.
Understand the HOA fees Before making an offer on a place, take a close look at the homeowner’s association (if there is one), the fees it charges and what is covered.
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]
With most age restricted communities, there are homeowner association (HOA) fees that cover services and amenities to resident such as golf courses, game nights, clubhouses, pools, and landscaping. In the United States, these fees can range from $100 — $500 a month. [15] [16]
While these fees can sometimes be a bit lower, in more luxurious areas, fees can reach $1,000. Check Out: The Best Place To Live on a $100,000 Salary in Every State
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Land surveying in Kentucky is regulated by the Commonwealth in KRS 322. [8] The Standards of Practice are defined in 201 KAR 18:150. [9] Compliance is maintained by the Kentucky Board of Engineers and Land Surveyors, [10] which was established by an Act of the Kentucky General Assembly in 1938.