3 ms·
As a practical matter, it's all but impossible in most circumstances. (even setting aside getting the owners, some/many of whom are landlords, to approve a diss
by wingspar 3y ago
As a practical matter, it's all but impossible in most circumstances. (even setting aside getting the owners, some/many of whom are landlords, to approve a dissolution)
Usually the HOA legally owns the 'common property', such as retention ponds, club houses, pools, 'parks', etc. If it's a gated community, the HOA owns the roads.
The HOA is legally responsible for maintaining those common areas, mowing, cleaning, resurfacing, and even insuring.
So if the HOA is dissolved, who owns the common areas, and who pays for (and manages) maintaining them?
As I understand it, local government loves HOAs, as they reduce the work they have to do. That tot-lot 'park' is not maintained by the city/county. Those retention ponds are not the counties problem when they go stagnant and have fish-kills.
Some states have laws to restrict some of the things HOA's can restrict. Like solar panels, clotheslines, flag poles, and landscaping. Not enough though...