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In Texas, a Homeowners Association (HOA) can collect fees from property owners called assessments, either paid regularly or as one-time payments for specific reasons. Some owners might have trouble paying them on time, resulting in late fees that can accumulate into...
When you purchase real estate within a community under a homeowners association, you may reap the benefits from the rules and regulations. Still, if you break those rules, you can also face consequences. The HOA can put a lien on your property if you repeatedly...
According to the Community Associations Institute, there were over 21,000 Homeowners Associations across the state of Texas in 2022 with control of more than 2 million homes. When you purchase a property within an HOA, you accept certain responsibilities and rules...
Living in a community managed by a homeowners association can offer many benefits, but it also comes with responsibilities. One of those responsibilities is to ensure that the HOA is managing funds appropriately. Misappropriation of funds by an HOA can lead to...
Homeowner associations (HOAs) play a vital role in maintaining order and preserving property values in residential communities. However, disagreements and conflicts between HOAs and homeowners can arise from time to time. It is essential for both parties to find...
Overseeing a homeowners' association (HOA) or property owners' association in Texas requires a lot of work and upkeep. Document retention is just one of many essential tasks that you must perform to ensure you remain in full compliance with relevant laws. The law...
If you live in a home under the authority of an HOA, you will have to pay fees. Fee payments may occur monthly, every quarter, annually or by some other schedule. When you purchased your home, you agreed to be a part of the HOA. That includes paying any fees levied by...
If you purchase property that belongs to an HOA, you can benefit from a variety of perks. Generally, you have access to amenities other homeowners may not have, your neighborhood typically looks great and you may have a close community of neighbors. HOAs are...
Homeowners Associations (HOAs) develop certain guidelines and rules in an attempt to keep neighborhoods safe, orderly and presentable. However, there are certain guidelines that an HOA must follow when establishing rules, as some rules are unenforceable even by HOAs....
When looking to buy a home, you may look at properties in neighborhoods that have a Homeowners Association (HOA). Before buying the property, you should know what HOAs do. How much will it cost you in membership fees? What purpose do they serve, and more importantly,...