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HOA liens. Living in an HOA or Condominium Owners Association (COA) community subjects homeowners to periodic fees or dues to cover costs of things like landscaping, security, snow removal, and ...
A homeowner association [or homeowners' association (HOA), sometimes referred to as a property owners' association (POA), common interest development (CID), or homeowner community], is a private, legally-incorporated organization that governs a housing community and sets rules for its residents.
In 2021, the most recent data shows, there were more than 10,000 associations in the state, with over 2.4 million people living in them. This means homeowners associations, commonly referred to as ...
Doun Dounell/Flickr By Michelle Conlin For six years, Ingrid Boak, who travels a lot for work as a racehorse trainer, ignored mail from her homeowners association. Boak, of Lexington, Ky., says ...
Pro-rata homeowner association dues, paid by the seller, buyer, or both. If the property is covered by a homeowners association (HOA), the HOA will normally be funded by dues assessed against each property owner. Since the ownership of the seller and buyer are each fractional in the year of the transaction, there must be an adjustment made so ...
Private transfer fee. A private transfer fee covenant [1] is a legal instrument that is filed in the real property records, which imposes an assessment payable in connection with a series of future transfers of title to certain real property. The assessment [2] can be for a fixed amount or a percentage of the sales price, and typically runs for ...
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