Abbreviation HOA has the following transcript: homeowners.The formation and activities of the legal person governed by the Housing Code.
So what HOA? It is a community of people - the owners of the premises, which are located in the same building, consisting of many apartments.The purpose of this association is to manage the entire complex property including a house itself, as well as land and other facilities.In disclosing the concept of what a HOA, you need to know the legal aspects of this entity, since it is such a moment of his registration in the state bodies.
Such association, as well as all legal entities has its own bank account and seal.The organization also includes condominiums and taxation and implementation of the right to enter into various transactions, and the right to be a defendant and plaintiff in court.Landlords in the same house will be able to register only one condominiums.The question of its formation is decided at a general meeting of owners of premises of the house and adopted during voting "for" more than 50% of owners.
One association of more than one house can be created in the following cases:
1. If the premises are owned several homes more than two owners and are on the same plot of land, or in the neighboring, on which there are engineering the network software.
2. Eli has several built next to houses belonging to the same family, with areas on common land or adjacent sites, or without it.
HOA management body are members of associations that gather general meeting in accordance with the procedure laid down in the charter.
Responsibilities HOA
According to article 138 of the RF LCD, condominiums have specific functions.We have clarified the question of what the HOA, and now clarify the scope of its activities:
• contracts for the maintenance and repair of the property, shared with the owners of the premises of the house who are not in the partnership;
• execution as provided by the legislation of obligations under the contract;
• ensuring proper technical and sanitary condition of the property the house, shared;
• ensuring compliance with all the landlords responsibilities of maintenance and repair of the property, which is common, according to their shares in the ownership;
• ensuring compliance with the rights and interests of owners of premises of the house when establishing the order of ownership, conditions of use of the property, which is common;
• adoption of measures to prevent any cessation of the acts of third parties impede the realization of the right to use property owned premises of the house, shared;
• Representation of interests and protection of the rights of owners of premises of the house, in Vol. H. In its relations with third parties.
Benefits HOA
Create HOA has some positive aspects: allows owners of premises of the house to exercise the fullest realization of the rights of management and disposal of the property, which is common.And it provides an opportunity to make the scheme more transparent revenue and expenditure charged to the owners and tenants of premises in the house, and favors investment and improve living conditions.
If a house where the planned creation of condominiums, apartments less than 20, the registration of the partnership would be disadvantageous, as the owners of the premises will have to pay for the work of the chairman, an accountant and other employees.Therefore, it is best to create a condominiums in apartment buildings where incidental expenses are not significant.According to many experts is that the HOA, contributing to a high level of organization and control of the owners of artists, claims to be the most productive form of government in housing activity.
Knowing what the HOA, and in some cases it is advantageous to create, you can effectively manage their housing.
