Community Basics
The vast majority of
properties in the Naples area fall under a Home Owners Association (for
single family homes), a Condominium Association (for condos) or both. These
associations are legal entities controlled by owners, that govern the
properties in accordance with the articles, bylaws and established policies.
If the articles say all the buildings must be purple, then that is the way
they'll remain. Each association sets it own rules and many associations
have restrictions on renting, number or size of pets, types of vehicles
allowed, outside building appearance and much more.
Master HOA, HOA and
Condo Associations
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Master HOA.
Large Communities often have several subdivisions. These subdivision
could be made up of several different homeowner associations, several
different condo associations or a combination of both. The Master HOA
is responsible for the common areas not specific to any subdivisions.
Each owner within the community will contribute fees for the
operations and maintenance of common grounds and facilities (e.g.
guardhouse). The Master HOA is controlled by a board of directors
elected by owners within the subdivisions. Community with Subdivisions
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HOA.
A homeowner association consists of owners of single family homes
within a development. It is controlled by a board of directors elected
by the home owners and is responsible for the common grounds and
shared facilities. A HOA could be a development by itself, or a
subdivision within a larger development |
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Condo
Association. Basically if a building has more than one
residential unit, then it is most likely a condominium. A condo
association could consist of one building or dozen of buildings.
Owners contribute fees to the association for insurance on the
building(s), care of common facilities (e.g. pool), outside
maintenance, and other items. Additionally, fees are collected by the
association and set-aside annually for future roof replacement, and
other long-term care items. A condominium association, could be a
development by itself, or a subdivision within a larger development |
Before a
builder/developer starts selling properties within a new development they
must have all the related Master-HOAs, HOAs and Condo Associations created
and established as legal entities. Owners begin paying fees into the
association upon purchase, but the builder controls the association until
turnover. Typically, when the builder has closed on 90% of the units sold
the association is "Turnedover." The association as a legal entity remains
exactly the same, but the property owners elect their own board of directors
and the builder has no further say in the Association.
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Associations before Turnover |
Associations after Turnover |
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Typically the
associations hires a management company or professional managers to take care
of daily needs of the association such as hiring lawn care services, pool
maintenance, collecting dues, building maintenance, etc.
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Buy or Sell through Someone Informed
Your Naples Area Realtor
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Tom Doyle
239.641.4575
Sun Realty.
4980 Tamiami Trail
Naples, FL 34103
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More About Me
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