Whether it’s a community of detached houses or a high rise condo, many HOAs provide their residents with parking spots. In some cases, the residents own them, and in other cases, the association simply allows residents to use them. However, not everyone needs a parking spot, so is it possible to sell or rent an HOA parking spot?
Can HOA Residents Sell Their Parking Spot?
Whether or not residents have the right to sell their parking spot depends on many factors. First, who owns the parking spot? If the HOA is a community of detached single-family houses, the resident probably owns the parking spot. However, if it is a condominium, the resident might use the spot, but the condominium might own it.
In any situation, the resident may or may not be able to rent or sell the spot. If the HOA owns the parking spot, they may allow it to transfer, but they’ll want to protect future owners. If the resident owns the parking spot, the governing documents may still prohibit selling or renting.
Why Do Some Residents Sell Their Parking Spot? Continue reading
Solar power is growing in popularity, and as more and more people want to take advantage of this money-saving, environmentally-friendly power, HOAs are changing their perceptions and allowing homeowners to install solar panels. Check out some of the benefits of solar power and which panels are the best for homes.
Benefits of Solar Power
Solar panels allow homeowners to use a renewable energy source that cannot be abused because no one can own the sun. Panels may be expensive, but once they are paid for, the savings skyrocket because the sunlight is free. Plus, solar panels are great for the environment. Solar energy is a completely clean energy. There is no byproduct, so users reduce their carbon footprint and help protect the environment for future generations.
Successful HOAs promise security for the residents. However, protecting an entire neighborhood is difficult, and it can be easy to get caught by pitfalls. Check out these three common security mistakes for associations, and learn some tips on how to avoid them.
Failing to Perform Audits
A neighborhood can seem safe on the surface, but when examined more closely, there are many danger areas. Routine audits help identify and eliminate these trouble zones. Some communities may think that one audit is enough, but that isn’t the case. Criminals evolve, and so should the HOA’s security measures. Taking routine audits throughout the year helps spot these vulnerable areas. Once identified, the board and association manager can take the necessary steps to implement new security measures.
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