Tag: HOAs

Getting fined and possibly losing your FFC – blame HOAs

HOAs are now extorting agents to the detriment of sellers

It has recently come to light that, in addition to the so-called ‘accreditation fees’ many HOAs are “forcing” agents to contravene the PPA by penalising sellers by refusing to release clearance certificates if the agent refuses to pay either their ‘fee’, or a fine for not being registered with the estate.

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HOAs can cut costs and boost income

Property practitioners should be aware of the roles and responsibilities of homeowners’ associations (HOAs) as this information can be crucial to convince buyers of properties in estates and housing schemes.

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