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An HOA, or homeowners association, is a type of community association made up of all of the homeowners in a particular planned community. HOAs, like condo associations, are responsible for ...
Boston. Mean Monthly HOA Fee: $444 Population in Massachusetts living in HOA: 23.8% Average Annual Property Tax in Massachusetts: $4,535 Find Out: Cheapest Places To Buy a Home in Every State
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.
Often, the HOA passes this ever-rising cost on to the homeowners in the form of higher monthly fees or larger one-time fees called special assessments. This jump in homeownership costs can have a ...
A community association manager is a manager of a condominium or homeowners association (including single-family home subdivisions, townhouses, or mixed-use development). The position is frequently confused with a property manager, who deals with individual rental units or a group of rental units, like an apartment complex. The community ...
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.