I have a rental property for over 10 years now. It is in a single family home sub division, no condos or duplexes. I pay HOA fees every year for the last 10 years. The HOA does not pay for any utilities or insurance. Is there a max duration that I have to pay HOA fees? I can find all sorts of information on HOA fees with Google, except for the answer to this specific question. So I don't need a copy and paste description of what HOA fees are for.
loanmasterone
Favorite Answer
Home owners association and Mello Roos fees are normally for the entire time the homeowners association exist.You would pay this fee forever.
You are probably paying Mello Roos fees as oppose to homeowners association fee if the fees you are paying do not include the insurance payment. Also there are no condos or townhouses would indicate yo wold be paying Mello Roos fees. This is becoming a common thing in new subdivisions being built currently.
These fees are lifetime also. Normally these fees are for up keep of community property such as landscape, tree trimming, perhaps garbage collection and other things unique to the community or subdivision you purchased your purchased you property in.
I hope this has been of some benefit to you, good luck.
'FIGHT ON"
Anonymous
You will ALWAYS pay HOA fees. The fees go towards the maintenance of the common areas, insurance, and property management. It also pays for things like a community pool, if you have one, or gates to the community. Even the power for the streetlights comes out of the HOA. Sucks, but it's part of living in an HOA.
kemperk
From Robert's posting--
.....You will ALWAYS pay HOA fees. The fees go towards the maintenance of the common areas, insurance, and property management. It also pays for things like a community pool, if you have one, or gates to the community. Even the power for the streetlights comes out of the HOA. Sucks, but it's part of living in an HOA.....
--
what neither of you have mentioned is, "for a fee, I get
these benefits.........lawn/painting-security guard/other
if no benefits are provided, no HOA fees are legally charged.
IN our Central PHX neighborhood we have an HOA that
has no fees as no services are provided.
SO, check out what they are guaranteeing you in benefits
or stop paying it.
happy 14
Anonymous
It depends on your HOA's bylaws and applicable state laws, but there is probably no prohibition on your HOA increasing fees with proper notice. The reasons for the increase are irrelevant. Is the HOA placing liens on the foreclosed unit and non-paying owners? Why isn't the HOA suing the non-paying owners? Do bylaws allow the HOA to deny services to members who are delinquent? As a member, the HOA is YOUR organization and you are responsible to make sure it is properly managed. You should attend the monthly board meeting, review the financial statements, organize your neighbors, and elect board members you trust. HOAs are notorious being poorly managed often because homeowners are unwilling to get involved and hold the board accountable. Good luck!
Anonymous
You should be able to get some kind of formal homeowner's agreement (bylaws, regulations, etc.) as well as a printout of the yearly budget. Every year you're supposed to have an annual meeting and vote. Ask your HOA manager for this information.
I'm in an HOA, and I'm going to be paying these fees forever, basically, as long as I'm a homeowner.