Home Owner Association – Collective Commitment to the Housing Estate
As a group, the owners of a given housing estate form the home owner association (HOA). One of the key responsibilities of this collective is to jointly caretake the property. The meeting of owners as body representing the home owner association is the most important party in the administration of the estate. It convenes at least once a year to vote, inter alia, on the business plan, the annual accounts, and possible refurbishment measures and repairs concerning the commonhold property.
Whether Prior to an Acquisition...
Even ahead of an acquisition, the Accentro Real Estate Encyclopaedia offers interesting facts and decision guidance: We will coach you through the first steps on your path to homeownership. For instance, it provides information on the process flow of a condominium purchase. It will also tell you what sort of documents you need in order to buy property, and where to obtain them.
... or after – Our Real Estate Encyclopaedia Provides the Answers You Need
Once you have bought a property, you may wonder who is going to manage your condo and how. After all, caretaking your property is one of your main obligations as a condominium owner. In addition to numerous tips and suggestions, you will find answers here to many questions involving the property management subject, such as: What does “individual freehold ownership” mean? What exactly do “condominium regulations” govern? And what does the term “condominium fee” imply? In addition, we elaborate subtle differences between terms such as “real estate management” and “corporate real estate management.”
We hope you enjoy our encyclopaedia!