HOA fees also often contribute to the association’s reserve fund which is set aside for major renovation projects or emergency use. In addition to regular fees, HOAs can also impose special assessments on homeowners when the association lacks sufficient reserves to pay for unexpected repairs on co...
Homeowners Association.If the property is governed by a Homeowners Association (HOA), this is the place to disclose that. Include information such as where to access HOA bylaws, insurance requirements and HOA dues. Water damage.If the property’s basement only floods in the spring but the purch...
That said, there is one caveat boards must keep in mind when the holidays roll around and tipping is on peoples’ minds: whether it’s appropriate—or even legal —to use common funds for tips and bonuses. In a recent case, an HOA in Boca Raton, Florida was ordered to cease using the...
First, and most innocently, the highly skilled people who work in these cities produce more value than those who don't. Clever, productive people tend to get jobs in the superstar cities. But it's also the case that people who work in these cities become more creative and more productive,...