About HOA

In the U.S., a Home Owner Association (HOA) is usually a corporation formed by a real estate developer for the purpose of marketing, managing, and selling of homes and lots in a residential subdivision. It grants the developer privileged voting rights in governing the association, while allowing the developer to exit financial and legal responsibility of the organization, typically by transferring ownership of the association to the homeowners after selling off a pre-determined number of lots. Membership in the homeowners association by a residential buyer is typically a condition of purchase; a buyer isn't given an option to reject it. Most homeowner associations are incorporated, and are subject to state statutes that govern non-profit corporations and homeowner associations. State oversight of homeowner associations is minimal, and varies from state to state. See Wikipedia

A Home Owners Association (HOA) provides a number of benefits which vary depending on the community and structure of the HOA. These benefits may include an opportunity for residents to enforce and amend the agreed upon community covenants, conditions and restrictions to help maintain the common scheme of development, shared neighborhood values and to minimize ownership maintenance responsibility. Many homeowners' associations operate and manage common property owned by the HOA for the exclusive use of its members and their tenants or guests. Common property (or area) is an important benefit of HOAs, providing homeowners with amenities such as a pool, clubhouse, gym, tennis court or walking trail that they may otherwise be unable to afford.

The North Shore Villas at Lake Marion have now put in place and activated its Home Owners Association (HOA). Every owner is automatically a member of the HOA. One of the sections of this web site contains key HOA Documents associated with the establishment of the HOA, a Board of Directors, scheduled meetings, voting rights, rules, restrictions, and much more.