What is a Homeowner's Association?
A Homeowners Association (HOA) is an organization that is usually created by either a developer or a group of homeowners. The typical purpose for the creation of an HOA is to insure that the community is developed and maintained to certain minimum standards of design and maintenance. There are certain principles that are common to almost every HOA:
|HOAs are legal entities that are recognized by the state and are typically formed as non-profits.|
|Membership is automatic and mandatory when the property is purchased.|
|Fees are assessed to each property owner to operate and maintain the HOA.|
|The owners and residents are obligated to comply with the rules and regulations|
|All properties in the development must comply with certain design and maintenance standards.|
By joining an HOA, homeowners are expressing their belief that given reasonable expectations for maintenance and construction standards, coupled with a common interest to protect and increase property value, they are able to create and sustain a desirable neighborhood. For an HOA to work, it is necessary for each homeowner to abide by the rules and restrictions for the betterment of their community. Some potential homeowners perceive these standards as limiting, and therefore make their decision not to purchase a home in an HOA.
“Members of the HOA have two responsibilities: one to themselves and to their individually owned property, and one to the association and the community concept. Apathy by individual members can render the association ineffective and can destroy the community concept. To maintain the quality of life that accompanies a well-maintained residential community, each individual member must do their part. The success of the HOA will depend on how well each member meets and keeps the responsibilities that are established by the covenants creating the overall community concept.”
—The Homeowners Association Manual
Upon purchase of a home in an HOA, the buyer becomes a member of the HOA organization. Our HOA is known as the Landen Farm Community Services Association Inc. (CSA).The Landen CSA oversees and maintains the common areas such as greenspace, the hiker/biker pathways and the Landen Lake. Fees for Landen CSA are based on the assessed valuation of the home determined by the Warren County Auditor. Fees are billed once a year.
Almost all homeowners in the Landen Community also belong to an additional association such as a condominium association, recreational association or specific homeowners' association. These associations oversee the particular recreation facility, condominiums or association for which they were formed. Their fees are separate and apart from the Landen CSA; and they often have their own set of rules and regulations. The information contained in this document pertains specifically to the Landen CSA that can be considered a type of "Master Association " for the Landen Community.