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The Water Cooler
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Home HOA issues
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<blockquote data-quote="Mad Professor" data-source="post: 3222674" data-attributes="member: 5316"><p>Let me start by saying home owners associations are formed for various reasons. Ownership of property for the common good of the members such as A pool, park, greenbelts, gate. Maintenance on a private shared road. Many create covenants that reinforce local codes to reinforce compliance. Some of these covenants are more restrictive. Usually these were all in place prior to the residents buying the property and the were agreed to. I live in one and I knew it. I don’t want my next door neighbor raising pigs or chickens. If I build a small shop, it has to have the same construction requirements the houses do. Brick veneer percentage, roof slope, etc. It keeps the neighbor from bringing in a shipping container. </p><p></p><p>That said, you don’t want to bankrupt and dissolve the association. But you want it to run the way it was intended. The officers of the association have a duty to operate under guidelines in which it was created. It also has to operate under IRS and State rules, regulations, and statutes. </p><p></p><p>Most of these are set up as non-profits. </p><p></p><p>Check the Secretary of State to make sure the entity it is set up as is active. You might get copies of the articles of organization and other filed documents. </p><p>There also should be an IRS filing of some sort. Usually a 990. You can aIso search for filings. </p><p>Do your homework! </p><p>Business meetings are required. </p><p>Records have to be kept. </p><p>This can get very deep and most organizations do not follow some or all of the requirements. </p><p></p><p>Again, do your research and be loaded for bear if that is what it takes. </p><p></p><p>And be careful, you may end up having to run the HOA! </p><p></p><p><a href="https://www.sos.ok.gov/corp/corpInquiryFind.aspx" target="_blank">https://www.sos.ok.gov/corp/corpInquiryFind.aspx</a></p></blockquote><p></p>
[QUOTE="Mad Professor, post: 3222674, member: 5316"] Let me start by saying home owners associations are formed for various reasons. Ownership of property for the common good of the members such as A pool, park, greenbelts, gate. Maintenance on a private shared road. Many create covenants that reinforce local codes to reinforce compliance. Some of these covenants are more restrictive. Usually these were all in place prior to the residents buying the property and the were agreed to. I live in one and I knew it. I don’t want my next door neighbor raising pigs or chickens. If I build a small shop, it has to have the same construction requirements the houses do. Brick veneer percentage, roof slope, etc. It keeps the neighbor from bringing in a shipping container. That said, you don’t want to bankrupt and dissolve the association. But you want it to run the way it was intended. The officers of the association have a duty to operate under guidelines in which it was created. It also has to operate under IRS and State rules, regulations, and statutes. Most of these are set up as non-profits. Check the Secretary of State to make sure the entity it is set up as is active. You might get copies of the articles of organization and other filed documents. There also should be an IRS filing of some sort. Usually a 990. You can aIso search for filings. Do your homework! Business meetings are required. Records have to be kept. This can get very deep and most organizations do not follow some or all of the requirements. Again, do your research and be loaded for bear if that is what it takes. And be careful, you may end up having to run the HOA! [URL]https://www.sos.ok.gov/corp/corpInquiryFind.aspx[/URL] [/QUOTE]
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