Categories: Arizona Articles

Going vertical: don’t forget about those pesky HOA fees!

For many Arizona homeowners, fees related to a homeowners’ association (HOA) are inevitable. Most homeowners dutifully hand over fees to their HOA when required, accepting that the fees necessarily come with owning a home in a planned community or condominium. In turn, the HOA maintains and improves roadways, common areas, and other features of the community. Homeowners and their lenders may not know, however, that failing to pay HOA fees can cause disproportionate losses for both. In fact, under Arizona law, both homeowners and lenders can lose their entire interest in a home if HOA fees are not promptly paid.   Read the article………….

Editor

Recent Posts

How to Choose a Property Management Company

No two communities are identical; each community has various factors which influence what type of…

12 hours ago

Untenable Tenants! How To Address Problem Renters In Your Condominium (MI)

Tenants in condominium communities are often viewed as challenging, since they may not be familiar…

12 hours ago

HOA Homefront: Is it our manager or is it us?

Many associations struggle with a poor manager relationship, resulting in frustration for both sides. However,…

14 hours ago

Dubai homeowner associations can use emergency funds to take on repair works from April 16 rains

Homeowner associations in Dubai have started to receive approvals from RERA to use their emergency/reserve…

14 hours ago

What you can expect to pay for NYC condo or co-op insurance

New York City has never been particularly cheap, and annual insurance costs make living in…

14 hours ago