8 things you should know about homeowners associations - WFLA News Channel 8

8 things you should know about homeowners associations

Posted: Updated:
TAMPA, FL (WFLA) - Are you considering moving into a housing development that has a homeowner's association?

Here are eight things to consider first, according to HOA USA, an organization that educates people about homeowner's associations.

1) Be sure to do background research on the homeowner's association.

2) Know who is in control. Most of the time, the homeowner's association is a non-profit corporation that is governed by a board of directors. Only 20 percent of associations hire a professional management company to handle day-to-day operations.

3) Be sure to read the homeowner's association's governing documents before making an offer on a residence.

4) Review the financial records of the homeowner's association. Make sure there is an adequate reserve fund for projects and repairs that could come up in the future.

5) Know how much the monthly homeowner's association fees are.

6) Remember that HOA laws vary by state and can be complicated. It is better to be educated about the laws than become involved in an expensive lawsuit.

7) Remember that the HOA board has the authority to assess fines and restrict access to services. HOA boards can also place liens and foreclose on properties.

8) Know that if you purchase in a community that has HOA issues, you do have options: you can accept the issues, make things better by becoming involved, file a lawsuit, or move.

For more information check out the HOA USA website http://www.hoa-usa.com/



 
  • NewsMore>>

  • Largo police say fight led to death

    Largo police say fight led to death

    Friday, July 25 2014 11:16 PM EDT2014-07-26 03:16:34 GMT
    Largo Police are investigating a death after being called to the scene of a fight at the Royal Pine Condominiums at 4500 East Bay Drive at 5:38 p.m.
    Largo Police are investigating a death after being called to the scene of a fight at the Royal Pine Condominiums at 4500 East Bay Drive at 5:38 p.m.
  • Youth soccer coach in Manatee accused of sex abuse

    Youth soccer coach in Manatee accused of sex abuse

    Friday, July 25 2014 10:21 PM EDT2014-07-26 02:21:26 GMT
    Gabriel Gallardo booking photoGabriel Gallardo booking photo
    A youth soccer coach in Manatee County has been charged with forced fondling and capital sexual battery on a young girl.
    A youth soccer coach in Manatee County has been charged with forced fondling and capital sexual battery on a young girl.
  • Manatee massage therapist rejects plea in groping case

    Manatee massage therapist rejects plea in groping case

    Friday, July 25 2014 8:57 PM EDT2014-07-26 00:57:05 GMT
    Kevin Holmes Kevin Holmes
    Kevin Holmes knew the nearly naked woman on his massage table last March was an off-duty detective.
    Kevin Holmes knew the nearly naked woman on his massage table last March was an off-duty detective.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
  • Most Popular StoriesMost Popular StoriesMore>>

  • VIDEO: Intense gator battle at Odessa golf course

    VIDEO: Intense gator battle at Odessa golf course

    Friday, July 25 2014 10:56 AM EDT2014-07-25 14:56:27 GMT
    YouTube imageYouTube image
    An amazing video of two big gators locked in an intense fight might have you wondering how something so dangerous could happen at a golf course. A golfer shot the video using a cell phone
    An amazing video of two big gators locked in an intense fight might have you wondering how something so dangerous could happen at a golf course. A golfer shot the video using a cell phone
  • Tumors removed from sea turtle

    Tumors removed from sea turtle

    Friday, July 25 2014 2:30 PM EDT2014-07-25 18:30:33 GMT
    "Before" photo of Mack on 5/28"Before" photo of Mack on 5/28
    Five surgeries at the Turtle Hospital and a trip to the veterinary ophthalmologist in Miami to remove tumors from his cornea and Mack has a reason to smile.
    Five surgeries at the Turtle Hospital and a trip to the veterinary ophthalmologist in Miami to remove tumors from his cornea and Mack has a reason to smile.
  • 'Faces of Meth' program launched by Sheriff's office

    'Faces of Meth' program launched by Sheriff's office

    Monday, July 21 2014 6:37 PM EDT2014-07-21 22:37:35 GMT
    'Faces of Meth' is a project of the Multnomah County Sheriff’s Office.
    'Faces of Meth' is a project of the Multnomah County Sheriff’s Office.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.