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A homeowners association (HOA) is an organization tasked with governing the affairs of a real estate development owned by multiple parties such as an apartment building. HOAs are responsible for tasks such as ensuring building maintenance, deciding on whether to pursue larger renovation projects, and...
association (HOA) is usually a not-for-profit organization established by a community that governs rules regarding what can and cannot occur in homes, and also determines the rules and money spent on shared property. Many condominium andtownhousesavailable for purchase are part of such an associ...
This document is also called an owner's affidavit, seller's affidavit, owner's declaration, or borrower's affidavit. Though it's most common is real estate transactions, the affidavit of title also applies to other transactions such as transfer of a car title. The affidavit of title will ...
The sole purpose for an HOA, or homeowners' association is to maintain the properties' values through enforcing thecommunity's covenantsand maintaining the common areas. A covenant is a promise to do something or not to do something. For example, you can promise to keep your grass at a cert...
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Particular benefits come from the degree of control an HOA executes. However, HOAs are not to be taken lightly. Before signing up, ask yourself, “What is the point of a homeowners association?” To get a clearer picture that can help you make the right decision. ...
When considering needs, many people think about location, the style of the house, the size of the house, and whether it needs work or not. However, if you have children (or will have children), the school district is an important consideration. A well-rated school district will raise your...
“It is a well-established principle in the law that trustees have a fiduciary duty to the association and its members. This fiduciary duty requires that they comply with the terms of the governing documents, e.g., the certificate of incorporation, bylaws, and master deed or declaration of ...