In the United States, a homeowner association (HOA) is a private association formed by a real estate developer for 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 homeowner’s association must become a member, and therefore must obey the several restrictions that often limit the owner’s choices.
Many people love the condo life because they don’t have a mow a lawn, it’s cheaper than buying a house, a sense of community, and the homeowner’s association takes care of most of your maintenance needs.
GET A HOA/CONDO POLICY QUOTE NOW
or call (818) 877-8780
Contact us today!
Talk to our professional sales and support team to receive quality help. We are independent agents, our obligation belongs to you, not the insurance company.
Call us at (818) 887-8780 to get professional and expert advice with dedicated support.
Why owning a condo is great?
Many people love the condo life because they don’t have a mow a lawn, it’s cheaper than buying a house, a sense of community, and the homeowner’s association takes care of most of your maintenance needs.
What is a homeowner’s association?
In the United States, a homeowner association (HOA) is a private association formed by a real estate developer for 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 homeowner’s association must become a member, and therefore must obey the several restrictions that often limit the owner’s choices.
Contact us!
Talk to our professional sales and support team to receive quality help. We are independent agents, our obligation belongs to you, not the insurance company. Click below or call us (818) 887-8780 to get professional and expert assistance with dedicated support.