Search Site
Menu
What is a homeowners’ association?

Purchasing property in a condominium complex, town home, apartment building, or gated community will likely require you to pay monthly fees to the homeowners’ association that has been created for your living space. The homeowners’ association may choose to keep things in the community under certain restrictions so, for example, there may only be a certain array of colors that you are allowed to paint your house. They generally help provide the upkeep for amenities that the company has such as a pool or gym facilities. The dues each month also typically cover the trash collection, certain insurance, and money that goes into the reserve fund just in case a disaster destroys parts of the complex.

Each homeowners’ association has different rules and regulations that you should be aware of before deciding to purchase this piece of property. Another question that you should ask before agreeing to purchase in this development is how much the homeowners’ association dues are going to rise each year. You should have an understanding of the restrictions imposed in the community because they may come as a rude awakening and if they are not followed, this may cause some tension within the homeowners’ association and other neighbors.

 

If you require experienced legal assistance for any of your real estate, bankruptcy or family law matters, contact the Mark Scollar Law Office today to schedule a consultation.

Contact us

Please fill out the form below and one of our attorneys will contact you.

Quick Contact Form

Our Offices
  • Staten Island Office
    1031 Victory Boulevard
    Staten Island, New York 10301
    Phone: 718-720-4505
    Fax: 718-720-5153
  • Manhattan Office
    47 East 87th Street
    New York, New York 10128
Well Done!
Marc was prompt and effectively outlined the options available to me. I really trust his recommendations.
- Keith (5 star review)

Read All Client Reviews
Ratings and Reviews