What is the HOA?

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2018-03-27 18:21:09

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The Abbreviation HOA has the following explanation: the homeowners. The formation and activities of the entity governed by the Housing code of the Russian Federation.

So what HOA? Is a community of people – owners of premises, which are located in one building consisting of many apartments. The purpose of this Association is the management of real estate, including the house itself, as well as land and other objects. In disclosing the concept of what homeowners need to know the legal side of this legal entity, as it is such from the date of registration in state authorities.

Such a Union, like all legal persons, has its own Bank account and seal. The organization TSZH, and also includes tax accounting, and the exercise of the right of the conclusion of various transactions, and the right to be defendant and plaintiff in court. The owners of the premises in the same house can register only one HOA. The question of its formation is resolved at the General meeting of owners of rooms of the house and was adopted with the vote “for” more than 50% of the owners.

One partnership in more than one house can be created in the following cases:

1. If the premises are owned by more than two owners and is located on the same parcel of land, or on neighbouring, which are engineering network security.

2. Ate there a few built a number of houses belonging to one family, with sections on the common land or adjacent plots or without them.

The governing Body of a condominium are members of the associations that gather the General meeting in the manner set forth in the Charter.

Responsibilities HOA

According to article 138 of the LC RF, condominiums have certain features. We clarified that such TSZH, and now to clarify the scope of its activities:

• contracts for maintenance and repair of property that is shared with the owners of the premises who is not a member of the partnership;

• execution in an order established by legislation of the obligations under the contract;

• ensuring proper technical and sanitary condition of the property that are shared;

• to ensure that all owners of premises duties of maintenance and repair of property that is shared, according to their shares in ownership rights;

• ensuring compliance with the rights and interests of the owners of premises upon determination of the order of ownership, conditions of use of the property that are shared;

• adoption of measures to prevent or stop acts of third parties that prevent the realization of the rights of use of owners of premises of property that are shared;

• representation of interests and protection of the rights of the owners of the premises, including in relations with third parties.

Advantages of TSZH

The HOA has certain positive aspects: allows owners of premises to carry out the most complete implementation of their rights on management and disposal of property are common. As well as providing the opportunity to make a more transparent scheme of income and expenditures of funds collected from owners and tenants of premises in this house, and is conducive to attracting investment and improving living conditions.

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If the house where you plan to create TSZH, less than 20 apartments, registration of partnership is disadvantageous, because the owners of the premises will have to pay for the work of the Chairman, the accountant and other employees. Therefore, HOA is best to create in apartment buildings, where small expenses are of little value. The opinion of many experts is that the HOA, by promoting a higher level of organization owners and control performers, vying for the title of most productive forms of self-government in housing sphere of activity.

Knowing what HOA, and in some cases it is advantageous to create, you can effectively manage your housing.

 


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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