The developer who builds the property typically funds each condominium association. The developer establishes the association and the rules and regulations it will uphold and then hands it over to the community living in the properties. A board is then elected to oversee the condo association. The ...
Buying a house or a condo with an HOA can offer many perks. Some of the biggest advantages include: They set and enforce standards. Since the HOA makes and applies the rules, individual homeowners don't have to worry about the neighborhood's appearance. That means you may be able to avoi...
Some boards are entirely amenable to having pied-a-terres. Others make decisions on a case-by-case basis. Still others do not allow them at all. If one is looking for a pied-a-terre, make sure that the broker has a clear understanding of the rules of prospective buildings. ...
A federal tax lien is the government’s formal demand for assets when you fail or fail to fulfill a tax obligation. It safeguards the government’s interests in your property, including real estate, possessions, and financial assets. The IRS will enforce your liability and notify creditors of ...
According to experts we spoke with, the key to setting and maintaining boundaries is establishing clear expectations. In a co-op, condo, or HOA setting, this means making sure that everyone understands and follows the rules and policies set forth in a community’s governing documents, as well...
After work, he took the train home to his bland condo in the suburbs that he hadn’t bothered to decorate. When he came in at night, he generally made a beeline for his bedroom, where he spent more hours in front of a different comp...
a tool like that could spot a burglar while a family is on vacation; depending on the settings and the context, it could also spot a teenager coming home after curfew, activists holding a meeting, or—in countries that enforce sodomy laws—two people of the same sex sleeping in the same...
The main idea behind an HOA is that all the residents in a community will band together to vote for volunteer members to sit on a board of directors. These directors oversee issues that come up in the community. Their main job is to create and enforce rules that will help to protect the...
Homeowners associations (HOAs) are usually formed within communities or neighborhoods of single-family homes or multiple-unit buildings such as townhomes or condominiums. An HOA is typically established to make and enforce rules regarding thepropertieswithin the jurisdiction. HOAs are composed of and ru...
The condominium orhomeowners association(HOA) is an organization that votes to decide on the rules as well as enforce them for the members living in the community. The association also meets regularly to prioritize work projects and submit and considerbidsfor work to be done for the entire compl...