A homeowners’ association (HOA) has mandatory membership based on residence in a particular area or community.
An HOA is formed once real estate development under the Companies Act (or Societies Act) begins to fund the maintenance of amenities that aren’t handled by the municipality. Each property has a separate title, and owners must pay monthly or annual fees to the HOA.
HOAs have Articles of Association that reference owner titles and registered encumbrances, including unit, lot, and managed property maintenance, and how fees are determined, collected, and penalized.
If you’re selling your HOA property, please order all legally required documents: ·
Find documents for articles and encumbrances here Find Statement of Account here
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