Understanding Homeowners Associations (HOAs)
[an extract from an Article: CM – Christo Mulder INC. – 11 September 2024]
HOAs are legal entities responsible for managing and regulating housing development schemes. Although homeowners own their individual properties, the HOA maintains and oversees communal infrastructure, such as roads, security systems, and other shared amenities.
When purchasing a property in a housing development, the title deed will typically include a condition that mandates automatic membership in the HOA for the new owner. Additionally, the transfer of ownership cannot occur without the HOA’s approval…
The Original Full Article can be Viewed here: → https://mulderattorneys.co.za/2024/09/11/understanding-homeowners-associations-hoas/?fbclid=IwZXh0bgNhZW0CMTEAAR0aTyEu7nmr7HdgBpKQvy5qCxqoBAEXaHeRFPWDb015skplb_n9jOyOlv4_aem_Jd8lTTX-pxLhhD70W13kEw