Posts tagged HOA Fees
HOA Fees: What Happens When Members Fail to Pay?
HOA Fees: What Happens When Members Fail to Pay?

HOA fees are the costs assessed to all property owners for items such as lawn care, snow removal, utilities, property maintenance, common area maintenance, security and similar items.  Some of the more expensive common area maintenance items can include swimming pools and equipment that is located in a community building.  The amount and type of items that are included in HOA fees will vary depending on the nature of the property, its location, and how extensive the services are that are provided within the context of the community. 

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Assessment CollectionLynn M. Smith, Esq.HOA Fees, Maintenance Assessment, Assessment Obligation
Understanding The Ins and Outs of HOA Fees
Understanding The Ins and Outs of HOA Fees

Homeowners’ associations typically are formed to manage any property in the community that is owned communally, as opposed to individually, such as a playground or building hallways.  Whether an HOA is made up of a condominium building, townhouses, or single-family homes, the responsibilities generally include the same type of tasks – maintain landscaping, employ property managers, maintain shared private roads or driveways, arrange trash removal, operate a swimming pool, and the like. This article will help you better understand the ins and outs of HOA fees. 

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AssessmentsTamra Ferguson, Esq.HOA Fees, FDCPA, HOA Collections, HOA Lien
Important Facts About HOA Liens & Foreclosures You Should Know
Important Facts About HOA Liens & Foreclosures You Should Know

The right to record liens, and to foreclose on unpaid liens, is perhaps the most powerful tool homeowners’ associations have to enforce assessment obligations.  State HOA laws are designed to allow associations to recover unpaid fees without undue effort and expense while protecting homeowners from overly aggressive associations by requiring strict compliance with statutory procedures and ample notice to homeowners. 

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Assessment CollectionChristopher R. Moore, Esq.HOA Lien, Foreclosure, HOA Collections, HOA Fees
3 Types of HOA Maintenance Fees Owners Cannot Escape
3 Types of HOA Maintenance Fees Owners Cannot Escape

The association, under its documents and local laws, has the authority to charge annual, special, and capital assessments against all owners in the community to pay for the maintenance expenses and improvements to the common areas. The common areas consist of parks, pools, gyms, sidewalks, and any other area in the community, except those portions which lie within the boundaries of the owner's property.

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AssessmentsTammy Y. HayesAuthority to Levy Assessments, Emergency Assessments, Special Assessments, Regular Assessments, Duty to Pay Assessments, Capital Improvement Assessments, HOA Fees
Understanding The Homeowners Association (HOA) Fee Obligation
Understanding The Homeowners Association (HOA) Fee Obligation

The local statutes and recorded Declaration of Covenants, Conditions, and Restrictions (the "CC&Rs" or "Declaration") serve to establish the association's authority to charge maintenance fees and enforce non-compliance against all owners and properties subject to its authority. The HOA fees cover the costs of the maintenance and repair of the common areas, amenities, and operation of the association to preserve property values. 

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AssessmentsTammy Y. HayesNo Offsets, Duty to Pay Assessments, Past Due Assessments, HOA Fees