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Is common area that has been sold through a tax sale where the Homeowners Association no longer exists saleable?
Wiki User
∙ 9y ago
If the association has been dissolved, the common area -- which was part of the association's assets -- can no longer be considered part of the association, if that was part of the dissolution process.
Your answer lies in the document that dissolved the association. and its description of the distribution of the common area(s)
There is no standard..
Wiki User
∙ 9y ago
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You discovered that the wall behind your stucco has rotted out due to inproperly installed flashing by the builder who is no longer in business your insurance company says they will not cover this?
That would be correct in most all cases. Depends on the policy form and what state your home is in, but it would be very rare for this sort of incident to be something a homeowners policy would cover. Your homeowners policy is designed to cover common external casations, like fire, windstorm, etc. Wet rot is a commonly excluded condition under homeowners policies. This type of thing is what is generally considered to be homeowner maintenance. Remember that you insurance policy is not a maintenance contract. You could still have a cause of legal action against the builder (if an individual person(s)) that you can locate and the statute of limitations in your state does not interfere. It does not really matter whether this fellow is still in the business of building houses, he can still be held liable.
What is the difference between a business and an organization?
When two or more people get together and agree to coordinate their activities in order to achieve their common goals is called an organization.Company is a voluntary association of persons formed for the purpose of doing business having a distinct name and limited liability.
What is the difference between a trade organization and a trade professional's union?
A trade association is an organization which is founded by businesses that operate in a particular industry. A trade union is an organization of workers who have united on a single platform to achieve common goals. These goals are for the common good such as protecting the integrity of its trade, achieving higher pay, acquiring benefits, gaining healthcare and retirement, safety standards, better working conditions, etc.
What is an exclusion in an insurance policy?
An exclusion gives a condition for which an insurance policy does not cover. You may have homeowners insurance. It may exclude damage to vehicles. You would need to have a separate insurance policy on your car. If a hurricane came and the roof was blown off your house and your car was blown away. Your homeowners would pay for your roof but not your car. If you have collision insurance, it would pay for your car. Your homeowners would have an exclusion clause excluding your car.
Are there any reasons why a home insurance company will not cover you i.e no central heating and airconditioning?
There are plenty of reasons why an insurance company can decline to offer you coverage. Here are some common reasons why homeowners are declined coverage by standard insurance companies (i.e. GEICO, State Farm, Allstate).# Home over 30 years old with no updates to the roof or heating system.# Home located more than 5 miles to a fire department, or more than 1000 feet to a fire hydrant.# Homes with certain types of animals and dog breeds.
How do you form Homeowners association?
A local common interest community-savvy attorney can advise you in your particular situation.
Format for a petition to dissolve homeowners association?
A petition to dissolve a homeowners association should include the following information: A clear and concise statement explaining the purpose of the petition, which is to dissolve the homeowners association. The name and address of the homeowners association being addressed. A list of reasons or justifications for dissolving the homeowners association, such as lack of effectiveness, financial burdens, or loss of trust among members. A signature section for homeowners or residents who support the petition, including their printed name, address, and signature. It is also important to include the date of signing. Ensure that the petition is professionally presented and copies are available to be signed by the concerned homeowners or residents.
How To form a Homeowners Association?
You can consult with a local, common interest community-savvy attorney to learn more about how to accomplish this task.
Does personal lines insurance include homeowners' associations?
Personal lines insurance typically does not include coverage for homeowners' associations. Homeowners' associations typically have their own insurance policies to cover their common areas and buildings. Individual homeowners may choose to purchase personal lines insurance to cover their own property within the homeowners' association.
Ca a Grandfather clause BE used in a homeowners association?
Your answer depends on the proposed insertion of the 'grandfather clause'. Association counsel, or a local, common interest community attorney can answer your question specifically. There is no standard.
Is a roof of one building in a homeowners association a common element?
Read your governing documents to determine the list of common elements, i.e., real estate assets that all owners own in common.
Is a homeowners' association considered a business when all that is done are collect dues that are used to share the expenses of the common areas?
No. A HOA is not considered a business.
How to transfer a Homeowners association condumiun neighborhood under jurisdiction of the city?
A common interest community-savvy attorney can help you address your particular situation. .
Can you sue a homeowners association when they keep billing you for money not owed?
Yes, it is possible to sue a homeowners association if they continue to bill you for money that you do not owe. However, before resorting to legal action, it is usually recommended to try and resolve the issue through communication and negotiation with the association to avoid costly litigation. If the issue cannot be resolved amicably, consulting with a lawyer specializing in homeowners association disputes would be advisable.
Would a homeowners association need to have trustee?
The term 'trustee' may be representative of the leadership required for the association. The association represents all owners who own real estate in common. Often associations are multi-million dollar ventures and require leadership.
What is the difference between a Condominium Homeowners Association and a Townhouse or Plan Unit Development Homeowners Association?
A condo or townhouse Homeowners' Association (HOA) governs a group of condos, wherein the association is responsible for the maintenance of the outside of the building(s), landscaping, and utilities, in addition to maintaining common areas and enforcement of the CC&Rs. This is because the properties being governed are condos and not houses. A planned unit development (PUD) HOA is responsible for ensuring compliance with the CC&Rs of the PUD and upkeep of any common areas in the PUD. However, individual owners maintain their homes and land, as each lot in the PUD is individually owned.
Can you help me with Figure Eight Island Homeowners Association Inc?
Probably not. You could consult with a local, common interest community attorney to help you with the issue at hand.
