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Review:

Homeowner Associations

overall review score: 3.5
score is between 0 and 5
Homeowner associations (HOAs) are organizations in planned communities or condos that establish rules, regulations, and fees for the upkeep of common areas and shared amenities.

Key Features

  • Establish rules and regulations for property owners
  • Collect dues and fees for maintenance of common areas
  • Enforce community standards and guidelines
  • Organize community events and activities

Pros

  • Help maintain property values by enforcing standards
  • Provide shared amenities like pools, parks, and security
  • Create a sense of community through events and social activities

Cons

  • Can be restrictive with rules and regulations
  • HOA fees can be expensive for some homeowners
  • Potential for power struggles or conflicts among board members

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Last updated: Mon, Nov 18, 2024, 02:01:17 AM UTC