The city of Charlotte is an important center in North Carolina. Home to the NASCAR Hall of Fame, it is also home to the Levine Museum of the New South, a museum devoted to exploring the post-Civil War history of the South.
American Homes 4 Rent sued the Miranda Homeowners Association
Getting a gander at the American Homes 4 Rent ad on your neighbor’s lawn could be a tad more gratifying than slogging it out on a hot summer’s day. But you’ll probably be lucky to find one of the 16 rented homes in your neighborhood. You’re likely to be stuck with your fair share of renter’s headaches in the near future. To say nothing of the fact that the company had more than 20 unoccupied homes on its hands. A slew of complaints and outbursts led to a lawsuit last year. It’s now up to the courts to a) decide what the heck happened and b) figure out how to keep the bad guys from coming back.
For instance, the company has a few dozen mobile home parks and marinas in and around Florida. That’s a lot of “moms” if you’re not keeping track of where they all are. The company had a big year, netting $263 million in the last 12 months.
HOA fees vary drastically
HOA fees can be expensive. That’s because they’re linked to the maintenance of various amenities that are common to the building. In many instances, your HOA will include things like a pool, a clubhouse, and other community facilities. If you’re planning to buy or rent in an area that has an HOA, it’s a good idea to learn about these fees.
The HOA board is responsible for ensuring that your money is well-spent. Your HOA should have a reserve fund that’s healthy enough to cover unexpected costs. This could be a major repair or an insurance expense after a natural disaster.
It’s also a good idea to take a look at your HOA’s budget. You may find some opportunities to cut expenses. For example, you may be able to reduce the frequency that you hire a landscaping crew.
One of the most important ways to keep your HOA fees down is to make sure that your association is managed by a competent, knowledgeable management team. These professionals will oversee operational tasks, manage insurance policies, and ensure that the property values within your community are high.
A homeowners association is an organization of individuals who live in a neighborhood. It is run by a board of directors, who are usually elected by the homeowners. These boards maintain the neighborhood’s common facilities and amenities. They also enforce community agreements.
In many cases, homeowners are required to pay dues to support the HOA. However, they may also be required to pay special assessments. When a change to the rules happens, homeowners need to understand the new provisions.
If the HOA makes changes without approval, homeowners can challenge them. This means that they can vote for or against amendments. For instance, if an association suddenly raises special assessments, homeowners can challenge the move.
One way that associations enforce covenants is by fines. Fines can be levied against members who break the laws or violate the CC&Rs. The violations can affect vehicle parking, nuisance activities, and architectural control issues.
Keeping the community in order is important. Associations should keep detailed financial records, and they must make these records available for inspection.
ARC, HOA Board, and Neighborhood Watch
A homeowner association board of directors is a five-member committee that manages day-to-day operations and finances of a community association. It meets four to eight weeks per year. In addition to managing financial resources, the board also has a duty to ensure that the property is maintained to a high standard.
Architectural review is a process that helps protect a community’s integrity and values by ensuring that approved exterior modifications do not negatively impact the community. The architectural committee reviews and assesses requests from homeowners to make changes to the outside of their homes.
Before submitting an ARC application, homeowners must be sure to follow the guidelines and rules that are outlined in their governing documents. If a homeowner fails to meet the requirements, they may be denied approval. They could then be required to remove unapproved structures, such as decks and fences, or restore them to their original condition.
Homeowners who are not satisfied with the results of their ARC application can request a hearing. When requesting a hearing, homeowners should be clear about why their modification was denied.