BANG! Why Do Hoas Exist
HOAs charge homeowners fees to enforce covenants maintain parts of the neighborhood or even maintain the houses themselves. HOAs and covenants are almost always attached to condos. Pin On Finanzas View Attorney Profile Find. Why do hoas exist . They exist because the majority of the homeowners in the neighborhood WANT them. HOAs operate within state statutes to enforce regulations and collect assessments from homeowners while also taking care of maintenance repairs of common areas. So why do HOAs exist and what. Reasons for HOAsIn existence since the. Residents outside of HOAs do not enjoy the same type of common-interest advocacy. I live in Canada so the closest thing on the level of pointless bs would be a heritage board. Emergencies can leave residents alone and vulnerable. HOAs are established to protect property owners from those that would trash their areas if there were no controls. They are there to protect the owners interest and property values. ...