About H.O.A

WHAT IS THE PURPOSE OF A NEIGHBORHOOD HOA?
 

What is an HOA?

• HOA's are private associations that oversee and manage neighborhood common areas and amenities as well as insuring property owners obey the Covenants, Conditions and Restrictions (CC&Rs), Articles of Incorporation, By-Laws and any other governing documents.

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Board of Directors

• HOAs generally consist of a voluntary board of directors elected by their fellow residents to make decisions on the residents’ behalf.

• The board of directors includes the president, secretary and treasurer.

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HOA Duties

• A neighborhood with a few amenities may have 2-4 HOA meetings per year to vote on board and committee members, new rules, resident concerns and issues and set a budget.

• Other duties may include creating committees to help make decisions on specific subjects that may require more attention than others. 

• Other responsibilities of these neighborhoods include lawn maintenance in the HOA fees charged to residents.

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Advantages of an HOA

• The primary advantage of living in a neighborhood with an HOA is that it provides a safeguard for residents’ property values.

• Money is collected for landscape and other maintenance duties including any neighborhood amenities.

• Residents are generally not allowed to collect junk in their yards, raise farm animals, or otherwise let their house and property descend to a point that would lower their neighbor’s property values.

• Having an HOA helps secure the residents’ investments in their neighborhood and maintains a certain curb-appeal.