A homeowners' association (HOA) is a nonprofit organization that’s set up to help run, manage, and maintain a neighborhood, building, or another collective of homes. People who belong to an HOA pay annual or monthly dues which the HOA uses to maintain shared spaces and carry out other as...
Great HOA managers can effectively handle responsibilities. They do not only depend on their to-do lists but also physically evaluate community situations, so they can identify what must be done and prioritized. Typically, the responsibilities of an HOA manager include assisting the HOA board with ...
there is a chance you prefer the polish of HOA-governed communities. This is an area where the fees are indirectly providing value, which should be a factor in your buying decision.
HOA Forum Ask an Expert Marketing Services Advertise What does HOA mean? HOA stands for homeowners association. But, what is a homeowners association and why do communities have them? Here is a guide to help you better understand the purpose of an HOA in a community. ...
HOAs exist to make property owners’ lives easier. If your community is constantly struggling with finances, it might be time to hire afinancial managementcompany. An HOA manager will be able to take care of the financial responsibilities of the board. They also have the appropriate tools and ...
“If you were to have three circles, one is the property manager, one the board, the third is the CPA firm,” says Love. “It’s the best situation to have all three [overlap]. One circle is the least favorable, which is just the board. It doesn’t mean the association can’t ...
During board votes, directors are obligated to express their decision through a roll call, wherein each director verbally states "yes" or "aye," "no" or "nay," or declares an "abstain." It's important to note that this new law exclusively pertains to board meetings and does not extend...
What amenities does it have? The amenities offered by an HOA community can greatly enhance your quality of life. But remember, the more amenities, the higher your fees are likely to be. To fully understand what you’re paying for, find out exactly what’s included. For example, does the...
"The precise division of responsibilities between a landlord and their tenant – particularly around maintenance – does vary slightly from lease to lease, depending on negotiated conditions,” Savage says. “That said, you usually can’t negotiate away your legal rights and obligations, making it ...
You have the peace of mind knowing you own not only your unit but the land as well. Plus, you don't have to maintain the exterior—an HOA typically does that. What Does Landominium Mean? Landominium is a portmanteau, combining the words "land" and "condominium." ...