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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.
In ownership cooperatives, occupancy rights are transferred to the purchaser by way of the title transfer. [citation needed] Since the housing cooperative holds title to all the property and housing structures, it bears the cost of maintaining, repairing and replacing them. This relieves the member from the cost and burden of such work.
Building societies as an institution began in late-18th century Birmingham – a town which was undergoing rapid economic and physical expansion driven by a multiplicity of small metalworking firms, whose many highly skilled and prosperous owners readily invested in property.
There exists four general frameworks to understanding how a local organization, such as a neighborhood association, may straddle the state-society realm. They are: [7] [8] Civil Society Theory – Local citizens' groups are autonomous from government; Mass organizations – Ultimate government control; ruling party dominates specific sectors of ...
The Los Angeles wildfires have set off a stampede to find housing, leading some property owners and managers to raise rents higher than the 10% limit in emergencies. NBC Universal 27 days ago
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .