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Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.
According to the Community Associations Institute, between 22 and 24 percent of the entire U.S. population in 2017 lived in community associations. The two leading states with CIDs are California, where around 9,327,000 people lived in a CID, and Florida, where about 9,753,000 lived in a Community Interest Development.
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
This measure provides reassessment exemptions to all homeowners over the age of 55 moving within the state, for a total of three lifetime moves, financed by narrowing Proposition 58 and Proposition 193 to solely inherited primary residences or farms, with an inflation-adjusted exemption cap of $1 million in market value at the time of death ...
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4 ways to build your home equity faster. If you don’t have enough equity in your home to qualify for a loan or line of credit, building that equity isn’t going to happen overnight.
Green Valley Recreation, Inc., 265 P.3d 1108 (Ariz. App. 2011), the Arizona Court of Appeals considered the enforceability of an affirmative covenant to pay homeowner fees to support common facilities and recreational amenities. The plaintiffs argued that they were outlying homeowners, that the servitude supporting the subject facilities and ...
Homeowners insurance is complex, and misconceptions arise easily. Fortunately, doing your own research can help separate truth from fiction. Fortunately, doing your own research can help separate ...