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The collection of maintenance assessments from community owners is among the most fundamental aspects of community association operations. The viability of the community association model relies ...
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.
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 ...
homeowner association (HOA) liens for unpaid assessments, fines, late charges, interest, costs, and attorney fees; attorney's liens, against funds and documents to secure payment of fees; mechanic's liens, which secure payment for work done on real property or land; judgment liens, imposed to secure payment of a judgment; and
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 ...
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.
Real estate owned as a condominium is usually similarly owned in fee simple, but typically subject to rules in the declaration of condominium or created by the condominium association, such as paying required monthly fees for maintaining the property's common areas; however, these are generally treated legally as covenants running with the land ...
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