n Without Prejudice - Home-owner Association fundamentals : property law
|Article Title||Home-owner Association fundamentals : property law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Apr 2009|
|Pages||74 - 76|
The formation of a Home Owners Association (HOA) is often neglected by developers in favour of the more "concrete" aspects of establishing freehold cluster developments. However, developers are well advised to pay heed to the significant differences which exist between a sectional title body corporate and an HOA. Without an understanding of the nature of HOA's and the manner in which they operate, there is little hope of leaving a lasting legacy of a well-planned development with an efficient and functional HOA.
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