Category: HOA

Homeowners associations (HOAs) usually collect monthly or annual fees from members to help run the community. The collected funds go toward maintaining common areas and upgrading community facilities. Aside from dues, most HOAs have reserve funds. While establishing a reserve fund is not mandatory, doing so can go a long way to help the community…

Living in an HOA community can be a fulfilling experience. Residents get to enjoy regular maintenance of common areas, enhanced safety and security, and an increased level of community engagement. HOAs also ensure proper enforcement of local laws and ordinances. However, one question remains. Can homeowners request HOA financial reports? Let’s find out. Can Homeowners…