What's a resident's association?
What might be discussed at a resident's meeting?
- jareyn2002Lv 61 decade agoFavourite answer
The resident's association is comparable to the Home Owners Association.
homeowners' association (abbrev. HOA) is a legal entity created by a real estate developer for the purpose of developing, managing and selling a community of homes. It is given the authority to enforce the covenants, conditions, and restrictions (CC&Rs) and to manage the common amenities of the development. It allows the developer to end his responsibility over the community, typically by transferring ownership of the association to the homeowners after selling off a predetermined number of lots. This article covers this type of HOA.
Most homeowners' associations are non-profit corporations, and are subject to state statutes that govern non-profit corporations and homeowners' associations.
The fastest growing form of housing in the United States today is common-interest developments (CIDs), a category that includes planned-unit developments of single-family homes, condominiums, and cooperative apartments. Since 1964, homeowners' associations have become increasingly common in the USA. The Community Associations Institute trade association estimated that HOAs governed 23 million American homes and 57 million residents in 2006.
An alternative to CIDs is the multiple-tenant income property, or MTIP, known in the United Kingdom as housing estates. CIDs and MTIPs have fundamentally different forms of governance. In a CID, dues are paid to a nonprofit association, whose members vote on how to spend the money. In an MTIP, ground rents are paid to a landowner, who decides how to spend it. In both cases, certain guidelines are set out by the covenant or the lease contract; but in the latter scenario, the landowner has a stronger incentive to maximum the value of all the governed property in the long term (because he is the residual claimant of it all) and to keep the residents happy, since his income is dependent on their continued patronage. These factors are cited as arguments in favor of MTIPs.
- 1 decade ago
basically you discuss any projects your neighbours have planned eg conservatories and how they will affect you as a neightbour.
you may also discuss any council plans and developments and the different views on this.
other things that may crop up are disruptive behaviour, or problems with your neighbourhood
one person is normally appointed chairman (whio does the speaking and general organisation) and there is also a secretary ( who notes down what is said, writes the letters etc.)
as a professional group together you have more chance of making changes through the council
hope this helps you undertand a bit better!
- Sal*UKLv 71 decade ago
Building security? Who to get to do the gardening? A problem tenant? Decoration of public areas in the building? Generally residents concerns.
- Anonymous1 decade ago
They love to test the limits of human indignation, using ridiculous rules.
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- mark cLv 41 decade ago
they talk about the neighbourhood & things happings around them