DowntownRDB
Core User of DJI
Flight distance : 1722 ft
United States
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Home Owner's Association. A homeowners association is a governing structure that oversees and manages a neighborhood or community, whether it’s made of single-family houses, condominiums or townhomes. Residents elect members to the HOA board, and board members establish and enforce bylaws, collect dues, oversee common areas and generally maintain a cohesive atmosphere.
Cons to having an HOA are:
1 - The rules may limit your lifestyle. For example, the HOA may restrict the type of pet you have, where you can park your RV and whether you can build a fence.
2 - If you don’t comply with the rules or fail to pay your dues, HOAs have the power to charge fines or levy liens against the property.
3 - You could move into an HOA community expecting to pay a certain monthly fee, but it may increase over time.
Hopefully, you don't have HOAs in NL. |
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