Understand HOA rental restrictions and what renting roles, rights, and responsibilities each of the involved parties have: the renter, the landlord, the HOA, and property management company.
MelanieFebruary 13, 2021
Every now and then, homeowners in an HOA might encounter a special assessment. This differs from regular fees, which are paid on a monthly, quarterly, or yearly basis. Homeowners associations usually charge a special assessment to cover a shortfall in the budget, but it should not happen often. What is an HOA Special Assessment? Special assessments are one-time fees that an HOA charges to homeowners. These assessments are used to cover a deficit in the budget or an emergency…
MelanieJanuary 12, 2019
Having a high HOA delinquency rate can negatively impact association finances. Board members should know how to deal with delinquent accounts, while homeowners should do their best to minimize delinquencies. In doing so, they can maintain high property values and ensure their investments are safe. What is HOA Delinquency? In homeowners associations, delinquency refers to a failure to pay outstanding dues. Homeowners in HOA communities have an obligation to pay regular fees. The HOA then uses these fees to…
MelanieJuly 15, 2018
