A homeowners association is a legal way to insure that there would be certain rules in place to govern the way people live in a particular community. It can be a high-rise building, golf course development, townhome community or traditional neighborhood. Check out our articles and blog posts for more information about homeowners associations.
Setting Up Condo Association
Normally, condominium associations are not-for-profit corporations, and each state has specific guidelines regulating them. One guideline is to have a registered agent for the condominium association. If the condominium association is involved in litigation, the registered agent is the person who will receive the legal notice of the suit.
Homeowners Association Assessment And Developer
When you live in a community with a homeowners association you're responsible for assessments, as is anyone who lives in the community. Sometimes homeowners association by-laws exclude developers from paying assessments on land they own. But once the developer finishes his work with the community that exclusion may go away. What are the options for the members of a homeowners association that has a developer's son as a resident member?
Condominium Owners Starting An Association
Condominium owners should get a copy of the condominium statute from the state, and owners need to be cautious when hiring a management company. Management companies offer different levels of services for different fees. The most basic management services include helping the association bill each unit owner for monthly assessments, receiving funds and doing basic bookkeeping services.
Real Estate Attorney Can Sort Out Title
After paying back and current taxes on a property that was quit claimed to you, can you take full title to a property? The answer? It depends on how the quit claim deed was drafted and what its intent was.
Condo Board Charges Entertainment Fee
A condominium homeowners association board hires comedians and singers for the common area and then asks residents to pay extra fees. If the resident doesn't pay, they are not allowed in the common area. Sam and Ilyce talk about reviewing the condominium documents for your homeowners association and the laws in your state.
Management Company Obligated To Pay For Fence
A home owner would like to replace their fence and believes the management of the development is obligated to pay one half the cost. They could try sending a letter to the property manager by certified mail (return receipt requested) along with a copy by regular mail. In the letter, they need to make sure to outline the scope of the work and the expected cost.
Re-Record Documents to Correct Encroachment Discrepancy
Most condominium documents contain provisions to allow for and permit encroachments of one property onto another without creating a major exception to the owners' titles to their homes. This homeowner's condominium association never requested a survey and neither she nor her neighbor are able to sell their property. The neighbor may be able to grant the homeowner an easement over the portion of the land under question.