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Crucial Things You Might Want to Know About Home Owners Associations If you are currently staying in a townhouse, in a condo or a different type of leased land property then you should be aware of the pros and the cons that comes within it. If you are currently living in a type of leased land property then you should be aware of all the benefits it gives you like great amenities such as a swimming pool, a fitness center, an entertainment area, and many more, living in one of them should also feel safe and secure since they should have high security staff like professional security guards, locked gates and a doormen, they also should have ready to work henchman if you need maintenance work like fixing the roof or fixing or repairing of equipment, you will also do not need to bother watering and cutting your plants since the workers will do them for you. Since these kinds of amenities, maintenance staff and security system should definitely cost money to employ, the home owners association or HOA for short will need or much rather compel you to join their community so that the upkeep on having this amazing facilities and benefits can be achieved and enjoyed by the people who are living in a leased land property, it can either be a monthly or yearly payment, depends on what type of contract the HOA will give you. So basically a HOA fee is a fee that could range from $200 to $500 per month which highly depends on the current amenities that is available and ready to be used in the community, this can increase if ever the community has agreed to add a new amenity such as a new solar panel roof system or an elevator, they will basically charge all the residents within the HOA community equally for this new amenity project since every resident is responsible for the upkeep and maintenance of such amenities. If a specific resident stop paying their HOA fees then there is actually a lot of different ways for the home owners association to do in order for them to collect your debt. One of the most simple way for them to try collecting fees is by sending the particular resident a demand notice which regards about his or her debt, they will most likely include the total amount of the individual’s debt, however late the debt was not paid, how much the is the interest and other late fee costs, and whatever else the HOA community may do to the resident if ever the fee is not paid in time. The HOA also have the ability to place a lien on your leased property if ever you did not pay the fees on time, and if the HOA has a lien on your home then they may put your home in foreclosure.Learning The “Secrets” of Services

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