Homeowners Association (HOA)

• A Homeowners Association (HOA) is an association governed by the homeowners within a private community for the purpose of maintaining, protecting and preserving that community. The homeowners elect board of directors who are responsible for enforcing the covenants, conditions, and restrictions (CCRs) of that community. This is a way to preserve quality of the area, maintain property values and enhance resale values.
  
  
• The HOA requires monthly fees from all homeowners living in that community, and there are rules you must live by - the covenants, conditions, and restrictions (CCRs).
  
  
• The monthly fees can vary in price from one HOA to another, and can increase in amount if needed by the HOA.
  
  
• The fees are used for the purpose of maintenance, repair and improvement to the common area, such as parks or recreation facilities, tennis courts, swimming pools, community centers, landscaping, any legal issues, etc.

• Monthly fees not paid become delinquent and late charges are applied. If not paid within 60 days the HOA may file a lien against the homeowners property, which can lead to foreclosure.
  
  
• The HOA has the authority to establish penalties for violations to a homeowner who does not obey the covenants, conditions, and restrictions (CCRs).
  
  
• If you buy a piece of property and/or home in that community, you automatically become a member of the homeowners association. A homeowner can get involved by attending the HOA meetings.
  
  
• If you choose to buy a home in a neighborhood with an HOA, be sure to request a copy of the HOA packet, so you can review it beforehand.
  
  

• Approval of the color of your exterior paint
  
  
• Approval of landscraping
  
  
• Certain height for trees you may plant
  
  
• Where you can park your car
  
  
• Woodstoves and fireplace inserts are prohibited
  
  
• Approval of fence height, design, materials and colors, that is if a fence is allowed
  
  

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