Home Owners Associations are common place in most modern real estate developments and subdivisions.
Their purpose is to manage the corporation that is usually set up that dictates the rules, regulations, and restrictions the original developer had in mind when creating the development.
These rules typically cover things that involve the uniformity of appearence of a neighborhood to make it a more visually pleasing place to be.
Things like mail boxes, signage, subdivision identity monuments at the entrance, parking of certain vehicles like RV's and boats, outbuildings, and sometimes, landscaping are among the things that the developer incorporates into his vision of the neighborhood.
The association is then tasked, through it's board of directors, with maintaining the general esthetics of the neighborhood as spelled out in the articles of incorporation - the rules, regulations, and restrictions.
The board is also many times responsible for maintaining a rainy day fund to cover any unexpected contingencies so that, at all times, the homeowners investment is protected.
Home Owners Associations in single family developments and subdivisions, are similar but not the same as those connected with condominiums and villas.
For more information about homeowners associations or if you have a question about a specific associations, give us a call at 410-779-6229.
Kelley Knitz has been a RE/MAX agent for over 26 years and is in the RE/MAX Hall of Fame and is a long time member of the Toledo Board of Realtors Million Dollar Club.
1911 Indian Wood Circle
Maumee, OH 43537