A homeowners association is a legal way to insure that there would be certain rules in place to govern the way people live in a particular community. It can be a high-rise building, golf course development, townhome community or traditional neighborhood. Check out our articles and blog posts for more information about homeowners associations.
Condo Board Charges Entertainment Fee
A condominium homeowners association board hires comedians and singers for the common area and then asks residents to pay extra fees. If the resident doesn't pay, they are not allowed in the common area. Sam and Ilyce talk about reviewing the condominium documents for your homeowners association and the laws in your state.
Management Company Obligated To Pay For Fence
A home owner would like to replace their fence and believes the management of the development is obligated to pay one half the cost. They could try sending a letter to the property manager by certified mail (return receipt requested) along with a copy by regular mail. In the letter, they need to make sure to outline the scope of the work and the expected cost.
Re-Record Documents to Correct Encroachment Discrepancy
Most condominium documents contain provisions to allow for and permit encroachments of one property onto another without creating a major exception to the owners' titles to their homes. This homeowner's condominium association never requested a survey and neither she nor her neighbor are able to sell their property. The neighbor may be able to grant the homeowner an easement over the portion of the land under question.
Easement May Solve Title Problem
When a property line is incorrectly recorded it results in title problems, which can delay or prevent a home sale. To resolve this kind of title problem, you have to correct the documents filed with the homeowners association and possibly create an easement so that the property line becomes acceptable. It may also be worthwhile to ask the developer to modify the documents that describe the property line.
Noisy Condominium Neighbors
Condominiums - What can you do if a neighbor violates condominium rules and regulations and your condo association won't do anything about it? You can try talking to your neighbor to see if you can resolve it. If that doesn't work, you may have to consider moving. If the neighbor's actions don't violate the law, there's nothing that can be done.
Links To Homeowner Association Web Sites
Links to Homeowner Association Web Sites
Property Taxes May Be Split Between Buyers And Sellers
When you buy a home who pays the property taxes for your first year will depend on when you bought the home and where you bought it. In some cases buyers and sellers split the cost of property taxes. How much of the property taxes buyers and sellers pay may be determined by prorating the amount.
Selling Your Home May Provide Extra Retirement Income
As you age you'll continue to have expenses but you likely won't have a job or extra income coming in. How can you meet your expenses as an elderly person? If property taxes put a big dent in your resources, you may want to consider selling your property and renting a home. Other options for retirement income include reverse mortgages and cutting unnecessary expenses.