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The fact that an HOA is arguably using the funds on an ongoing basis, whereas a developer private transfer fee is used to reimburse the developer for costs already incurred, is a distinction of little import, particularly when courts have routinely upheld HOA transfer fees without any necessity of showing the use of proceeds.
Ryan Poliakoff and Gary Poliakoff are co-authors of "New Neighborhoods — The Consumer’s Guide to Condominium, Co-Op and HOA Living." Email your questions to condocolumn@gmail.com . Please be ...
While that is appealing to frugal homebuyers looking for affordable options, the fees that go along with these HOA-run properties vary wildly: HOA fees can range from a relatively nominal $100 per ...
HOA fees pay for the bread and butter of condo living: utilities like water and cable TV, and shared amenities like a community pool, landscaping or an entrance gate. Then there are the new and ...
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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
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