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Posted By WilliamK4 on 11/01/2014 12:39 PM
Our convents have expired we have excepted that so. But the deed of in corporation is perpetual. Owners can do whatever they want to there property, but must pay for road maintenance fees. This was the only thing we needed to get clear to owners.
here's my problem with never ending expirations of deed restriction of a HOA, say like your community that has say 100 house but only 20 people paying for things. along comes a developer whom scouting a area out and finds say your community. checks with the city if that HOA tax's are up to date and finds out well this community is supposed to be in a fully functioning HOA and supposed to have been paying taxes to the city on it's common lots since say 1969 and the city been repairing the roads and lights all that time. talks to his buddy in the tax department then files all kinds of lawsuits to recover the city money that's been owed since 1969. and places a lien on their lots and then buys the lien from the city and sues the lot owners and takes their houses since their elderly on fixed income and can't pay the developer he then turns demolishes the lots and builds multi million dollars estates on said community land.
But that's scenario is they have a few that's knows their in a HOA, there's lot's of recorded deed restrictions with a named HOA in them but that just emplaced to stop some jerk developer placing a small house in their prize neighborhood. if HOA is abandoned there needs to be laws emplaced to rectify that from happening.