Some Common Myths About Homeowners Associations
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Myths
In the last years, residential communities with Homeowner’s Associations (HOA) are increasing along the U.S. Maybe, you are searching for a home in your local market and have heard many stories about these communities. Indeed, from these stories, people have built some common myths.
efining an HOA The goal of an HOA is enforcing the rules that govern the common life in properties where owners share interests. It is noted that HOAs only can rule actions within its jurisdiction. Also, when you become a member of an HOA, you should pay fees to join the association to make maintenance, repairs, and other payments related to the common areas of the property or building. Then, HOAs have legal personality
Disputes Between Members are Resolved by an Independent Tribunal FALSE. HOAS OPERATE AS SMALL DEMOCRACIES. IN THIS SENSE, THEIR MEMBERS ARE AS CITIZENS THAT ELECT DIRECTORS TO MAKE BOTH SMALL AND LARGE DECISIONS. WHEN HOA BOARD MEMBERS DISAGREE WITH THE DECISIONS MADE BY DIRECTORS, THEY CAN CALL SPECIAL MEETINGS TO REMOVE THE BOARD OR CHANGE THEIR DECISIONS.
First, Board members are elected by the community, and they must get involved in meetings, as well as attending them. In this way, they can impact on decisions made within the community.
Homeowners Have No Say In decisions
Residents do not Pay for Amenities They Do Not Use Homeowners should pay for the use, maintenance, and repair of every amenities in the residential community. This consideration must be taken into account before buying a property in a residential community.
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