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What Would Result to the Termination of a HOA?

A homeowner’s Association has a big role to play for the regulation of rules set to all unit owners in a community. It is their responsibility to regulate what can and cannot be done for uniformity and enforcement sake. Most communities are in good standing because of the HOA in charge, and the rules that have been set aside too. There are however, small homeowner’s associations who believe they can manage well without one, since there is nothing much to govern that unit owners cannot do on their own.

While this may be the case, some HOAs are in existence because of the governmental regulation in their state, for Management of water drainage, and county rules regarding community homes. This means one cannot do away with them, unless they contend for changing the management if performance is lacking. It might only be possible to rule out the possibility of having a HOA if the governing documents give that provision or an approval of votes from all unit owners.
It might be difficult to obtain votes from all unit owners, since a percentage of them prefer not to get involved with HOA dealings. In this case, looking at the pros and cons of terminating your HOA can help determine if the case is sufficient to pursue through an attorney.



This post first appeared on Florida Condo Hoapm, please read the originial post: here

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What Would Result to the Termination of a HOA?

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