3 ms·
A large amount of HOAs are on land leases, so they ARE shared ownership. If you made the rule you suggest, all it would change is that new HOAs would all be on
by shados 5y ago
A large amount of HOAs are on land leases, so they ARE shared ownership.
If you made the rule you suggest, all it would change is that new HOAs would all be on long term land leases (and you'd have a lot of chaos in the current ones that didn't do this because with existing laws it was not necessary).
- josephcsible 5y agoI said shared ownership of buildings and structures, not of land. Wouldn't that eliminate that loophole?
- shados 5y agoSure, but that would be a hell of a change to real estate property laws. And if you did that, stuff like making a pool would no longer be possible.
- mikem170 5y agoSeems like it would be better to have a pool (or other common amenities) via voluntary contributions, leaving out the rules forced on homeowners' properties. And a voluntarily financed pool makes a certain amount of sense. Why should someone who doesn't want to be involved be forced to contribute against their will? That's not easy to justify.