Thursday, September 15, 2011

HOA Liens and other things you need to know

The Georgia Property Owners’ Association Act passed in 1994 is becoming a popular choice to adopt among HOAs.

Apparently, once adopted, one of the applicable provisions is that the HOA no longer needs to file separate liens against the property in the public records.  So lien searches don't discover these and the HOA avoids the lien filing fee too?

Also, a provision makes the HOA dues joint and severability liable which is fancy legalese saying "if prior owner don't pay, new owner does"...Gotcha baby!

Another provision may allow an HOA to live on in perpetuity and not expire a lonely death...

Source:  http://www.nhhoa.org/documents/GA_POA_44-3-220.pdf

Source:  http://www.ecademy.com/node.php?id=161266

Source:  http://www.wncwlaw.com/services/community_associations/poa.cfm

Link to the Georgia Law:  http://www1.legis.ga.gov/legis/2003_04/fulltext/hb208.htm

References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.

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