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If the subdivision is not complete do you have to pay home owners association dues on property bought before completion?
Wiki User
∙ 13y ago
Read your public offering statement and governing documents to determine when owners begin paying association assessments.
As well, understand the developer's responsibilities to pay assessments -- once they become due -- on undeveloped and unsold properties.
Wiki User
∙ 13y ago
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Is membership in a homeowners association mandatory?
If the subdivision is subject to a Declaration of Restrictive Covenants that include a homeowners' association then your property is subject to mandatory membership.
Who would be responsible for maintenance for a pool in a subdivision in which there is no home owners association?
The first question is: where is the pool? Who owns the property where the pool is located? If the subdivision is made up of individual owners, then the owner on whose property the pool exists is responsible for its maintenance. As well, it could be a public pool maintained by the local parks department.
Are parks private property?
Some parks are located on private property and some are public property. It would depend on the owner of the park. A homeowners association for instance can own a park within their subdivision. This would be a privately owned park and can be only for members of the homeowners association if they desire. Public parks are often owned by a city, state, or country and could be open to all members of the public if structured that way.
What procedure is required to change optional homeowners association membership to mandatory membership in the state of fl?
You would need the written consent of every property owner in the subdivision. The document with the consents must be recorded in the land records.
Does a subdivision without common areas need liability insurance and why?
I don't see any need for liability insurance in the case you described. In cases where you have a homeowners association or a condo owners association and they own common property such as a swimming pool, parks, roofs, sidewalks, etc. then they would have a need for both property and liability insurnance to cover these areas. This is what you dues are in place to pay for as well as maintenance.
When was Japan Intellectual Property Association created?
Japan Intellectual Property Association was created in 1938.
How do you get out of a home owners association when your builder-developer is going bankrupt?
You cannot necessarily separate your property from a home owner's association because the developer is in bankruptcy. If the remaining property is sold to a new developer it would acquire all the rights appurtenant to the land including sponsorship of the homeowner's association. When you purchase a property in a planned community you are automatically a member of the association. Unless the association is dissolved, you will remain a member as long as you own the property. Depending on how many lots were already sold you may need to bring an action in court to have the homeowner's association extinguished. The homeowner's association was intended to protect the rights of anyone who purchased a lot in the subdivision and until something changes legally it would remain effective. In some cases, the association simply becomes idle when there are not enough members to support it. However, even in that case, the property remains subject to the HOA until it is dissolved. In other cases where the development is not brought to completion all the lot owners can agree to disband the HOA. They need the advice of an attorney who specializes in real estate to guide that process. Generally, HOA funds are kept separate from the assets of the developer. If the funds were co mingled, when your builder-developer files for bankruptcy, your association's attorney may be able to preserve rights, monies and other assets of the community.
Can an association rent a property after putting a lien on it?
When an association owns a property, it can rent the property. In this case, the association probably doesn't own the property, else why has a lien been filed. The property owner's title is clouded by the lien, and the property is still owned by the owner. The association may want to work with the owner to rent the property, to produce an income stream. The final decision, however, remains with the property owner.
When was International Association for the Protection of Intellectual Property created?
International Association for the Protection of Intellectual Property was created in 1897.
When was German Association for the Protection of Intellectual Property created?
German Association for the Protection of Intellectual Property was created in 1891.
When was International Association of Property Crime Investigators created?
International Association of Property Crime Investigators was created in 2006.
Can I get out of your homeowner association after 10 years?
Yes. You can sell your property. The association was formed as a land-use scheme, and 'getting out of the association' means you can get out, but your property is permanently part of the association's land-use plan.
