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Are memberships in homeowners association mandatory regardles of when it was created?
Rccano
Generally, yes.
The developer filed a land-use programme in your local hall of records establishing the covenants, conditions, restrictions and reservations (CC&Rs) for the property when it was developed.
When you purchase property in an association, you're investing as a stakeholder in real estate assets that you own in common with all other owners. You own a percentage share based on your allocated interest. This is not considered a 'membership', but an investment in a common interest community.
There may be membership options within the community, such as for use of amenities -- pool, Golf course, ski area and so forth.
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∙ 9y ago
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