Comment by derektank
4 hours ago
You definitely need that level of governance if there are common elements which need to be funded and maintained (pools, parks, the building itself for condos)
4 hours ago
You definitely need that level of governance if there are common elements which need to be funded and maintained (pools, parks, the building itself for condos)
You need an organization to manage the common elements, yes. But the only "governance" that's required for that is...to manage the common elements. Which isn't really "governance", it's just management, and oversight of whoever is doing the managing. There's no need at all for the rest of the intrusive rules and regulations that HOAs impose in the name of "governance".
Management is governance. Someone needs to be empowered to make financial decisions and that requires rules for allocating that power at the minimum
The majority of detached houses have none of these.
Okay, well, nearly half of all HOAs are condominium communities which inherently have common elements. I’m not saying that detached SFHs with no common elements should be governed by HOAs; I was if anything implying the opposite