Top HOA Management companies for 2017 | Bizofit Innovation Platform

Top HOA Management Companies


HOA Management:

In the United States, a homeowner association (HOA) is a private association formed by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision. It grants the developer privileged voting rights in governing the association, while allowing the developer to exit financial and legal responsibility of the organization. Typically the developer will transfer ownership of the association to the homeowners after selling a predetermined number of lots. Generally any person who wants to buy a residence within the area of a homeowners association must become a member, and therefore must obey the several restrictions that often limit the owner's choices. Most homeowner associations are incorporated, and are subject to state statutes that govern non-profit corporations and homeowner associations. State oversight of homeowner associations is minimal, and it varies from state to state. Some states, such as Florida and California,[citation needed] have a large body of HOA law. Other states, such as Massachusetts,[citation needed] have virtually no HOA law. Homeowners associations are primarily associated with mid- and late 20th-century and 21st-century residential development.
 
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Association Management Solutions

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