Can I Transfer My Home into a Trust If It’s Part of a Homeowners’ Association (HOA)?
May 7, 2021
People whose homes are part of a homeowners’ association (HOA) have to follow plenty of rules and regulations. Those rules may limit what a homeowner can and cannot do to their own property, including transferring the home into a trust and making changes to ownership.
If you are considering transferring your home into a trust but are worried about the possible issues with the HOA, contact our Tampa homeowners’ association attorneys at HD Law Partners to discuss your particular situation.
What Authority Does a Homeowners’ Association (HOA) Have?
A homeowners’ association is a legal organization made up of homeowners (community members) that enforce specific rules and collectively manage common areas.
An HOA’s authority varies from one association to another. Typically, an HOA has the authority to foreclose properties when the owner falls behind in dues or assessments.
When an association wins a foreclosure case against the property owner, it has the authority to evict the owner.
Posted in Homeowners Association · By HD Law Partners