Are HOA fees public record?
These are not public records, and the association will not make them available. Some requests might also be denied if they involve ongoing legal or contractual obligations that might expose the HOA board or manager to liability.
What do Hoa financials look for?
HOA Financials You want to know whether or not the homeowners’ association in question is collecting adequate funds from its homeowners to cover all the regular bills it’s responsible for paying. You also want to determine if enough money is being put away for reserves for a rainy day.
What is considered a common area in a home?
Common areas are elements of a property available for use for all tenants or owners. Deeper definition Common areas can include hallways, sidewalks, parking lots, community swimming […]
Are Windows Hoa responsibility?
However, according to our legal documents, the windows are not common elements, but are part of our unit. We are thus responsible for the maintenance and replacement. They are defined in the legal document called the declaration. In some associations, windows are part of the common element and in others they are units.
What is maintenance structure Hoa?
Generally, individual unit owners are responsible for maintaining their own separate interests. The HOA handles the maintenance of shared common areas. Regardless of its maintenance duties, the HOA has an obligation to inspect general and limited common areas on a regular basis to ensure that they’re well maintained.
Why do HOAs exist?
HOAs are established to protect property owners from those that would trash their areas if there were no controls. They are there to protect the owners interest and property values. HOAs are an actual necessity in areas where zoning is not strictly enforced.
Why do Americans have HOAs?
Because of the Clean Water Act, homes were required to retain water until it could be released at the pre-development level. An individual home could not possibly accomplish this, and so it was left to the HOA’s. This basically made it law for suburban development to be under the umbrella of HOA’s.