Homeowners associations are generally referred to as community associations or common interest communities – terms that include residential subdivisions and condominium developments. The common thread across terms is a residential development that includes deed restrictions on individual lots or units that limit the use of property and often create shared rights to communal facilities and services. Purchasers of property in such communities knowingly accept the restrictions and are contractually bound to them. Such restrictions run with the land and are binding on all subsequent purchasers. Read the article………..
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