What is a homeowner's association?

Author

Kruger Attorneys & Conveyancers Inc

A homeowner's association (HOA) is usually created by a restrictive condition contained in a title deed or by agreement of homeowners.

Typical aspects of homeowners' associations:

HOA's are generally found in closed-off/boomed areas
Owner of the property within the HOA will be liable for levies used for general upkeep of common areas.
The HOA may also in terms of its incorporation documents enforce rules upon the members
Purchasers will be required to become a member of the HOA
Purchasers will automatically become a member of the HOA on the day of transfer and will cease to be a member on the transfer of the property to a new owner

It is important to inform purchasers that they will be required to become a member of the HOA, liable for levies and subject to its rules when purchasing a property that forms part of a HOA

by Nathan van Zyl from Kruger Attorneys & Conveyancers Inc

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