Buying a home is one of the biggest purchases you will ever make in your life. So before you jump in, you should know a little bit about how real estate transactions are conducted in Georgia. Here are just 3 things you should know about Georgia’s rules when it comes to real estate closings. Georgia […]Continue Reading... Comments Off on 3 Things You Should Know About Real Estate Closings in Georgia
Homeowners Associations (“HOA”) in many states, including Georgia, are given broad discretion in their decision-making processes. This broad discretion has frequently led to many HOAs coming up with strict and sometimes silly rules. Consider the ban against clotheslines. For years now, a common trend of HOAs across the country has been to ban “solar drying”—in […]Continue Reading... Comments Off on Hot Trend: HOAs Across the Country Being Hung Out To Dry When it Comes to Clotheslines Bans
The Georgia Property Owners’ Association Act (Act) was passed in 1994 to codify certain provisions for governing the association including collecting assessments, voting, notice of meetings, and the powers of the association. Every homeowner’s association (HOA) is required to pass an amendment to be governed under the terms of the Act. Many of these provisions […]Continue Reading... Comments Off on Advantages of Opting in to the Georgia Property Owner’s Association Act
Members of a homeowner’s association (HOA) generally assume that fellow member will pay their dues and assessments. HOA dues are collected for the purpose of managing the development and repairing common areas. If the HOA fails to collect adequate dues, the premises can become neglected and homeowners may no longer want to remain as part […]Continue Reading... Comments Off on What Can HOA Members do When Owners Fail to Pay Dues?
Before purchasing a residence in a planned development community, it is important to review the homeowner association’s (HOA) governing and financial documents to understand its regulations and assess its financial security. One of the primary goals in reviewing this type of financial data is to gain insight into the financial obligations that members would be […]Continue Reading... Comments Off on Dues and Assessments Under an HOA
Question: I serve as a board member for my homeowner’s association (HOA). Several property owners in my HOA haven’t paid their annual HOA assessments. We are preparing to file a lien on their property. The HOA really needs the assessments to pay our bills, but we don’t want to go through the trouble of foreclosing […]Continue Reading... Comments Off on Collecting Unpaid HOA Assessments