HOA Fees

In Property Terms by Ryan Tucker0 Comments

In some instances, neighborhoods are governed by HOA’s or Home Owners Associations.  Not all neighborhoods will have these associations, but when they do, their is typically an annual fee associated with the association.  That fee can be very small ($10 per month) to very substantial depending on the amenities offered for the community.  For example, if the neighborhood is gated, the HOA might be responsible for many things including the maintenance of the gate and repaving of the streets in the neighborhood.

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