2 ms·
HOAs are companies, with the owners as shareholders, who own the shared infrastructure of the owners. Things like hallways, maybe elevators, gardens, this can e
by spwa4 2mo ago
HOAs are companies, with the owners as shareholders, who own the shared infrastructure of the owners. Things like hallways, maybe elevators, gardens, this can even include the roads in a community.
The point of HOAs is to force homeowners to CO-decide (in houses: to make things cheaper for local councils) on what happens to the shared infrastructure. What and how to spend of maintenance and what to change.