mglunt
join:2001-09-10
Fredericksburg, VA
 ·Verizon FIOS
| reply to guitarzan
Re: Not right
Home Owners Association.
These people own their homes too, but pay fees to keep the community looking nice, to fund a community pool, community tennis courts etc. Often times the HOA has a deal with a trash company at cheaper rates, etc. HOA's also tell people what they can and can't do to the exterior of the house... like paint it purple and pink.
There is a HOA board comprised of the Home Owners in the community as well.
Generally you find these in planned development (a ton of them around here). A Housing company will buy a multi lot piece of ground... put a bunch of houses on it, then sell the houses. (Usually they are sold before being built and the new Homeowner picks options for the house, etc). Around here, unless yuou buy your own house and hire your own contractor, a new house is going to come with an HOA.
In this case, the builder is signing deals with Cox to provide service (probably with a small discount) to all the houses to be paid for with the HOA fees. If you don't want Cox, you still have to pay the HOA fees which cover the Cox payment. So in effect, you are paying for Cox and DTV for example. |
