Table of Contents
Why do people buy homes with an HOA?
Many residential communities have a homeowner’s association (HOA) structure to help maintain a clean and cohesive atmosphere in the neighborhood. Also, when you buy a condominium, townhouse, or single-family home within “a planned development” you may also encounter the HOA structure.
What are association fees?
Homeowners association fees are monthly dues collected by homeowners associations from property owners. These fees are standard for most purchased condominiums, apartments, and planned communities. HOA fees are used to pay for amenities, property maintenance, and repairs.
Why do Hoa communities have rules?
HOA communities generally have rules for a reason, and one of the biggest reasons for those rules is that they keep property values from declining. This goes hand-in-hand with the above point; tough economic times or not, HOAs keep their communities going strong.
Are there any legal rights of homeowners in a homeowners association?
Most, if not all, homeowners associations are legal entities. As such, both board members and homeowners are afforded legal rights — all of which should be clearly outlined in your community’s governing documents. If you need further guidance, here are the homeowners rights against HOA communities. What Are the Homeowners Rights Against HOA?
What happens if you break the rules of a homeowners association?
Homeowners associations have strict rules that members must abide. If a member breaks the rules of the HOA, they may be fined. These fines will vary in cost, but it’s a good idea to make sure that you are aware of them prior to signing.
Can HOA boards restrict homeowners from using over-the-air reception devices?
With the passing of the FCC’s Over-the-Air Reception Devices Rule, though, HOA boards can no longer restrict homeowners from doing so. It is one of the homeowners laws associations must follow. Homeowners have a right to place solar panels, antennas, and satellite dishes on their roof (as long as the device is under a meter).