Real Estate Term of the Day: Homeowners’ Association (HOA)

Real Estate Term of the Day: Homeowners’ Association (HOA) HOMEOWNERS’ ASSOCIATION (HOA) – an organization of the homeowners in a particular subdivision, planned unit development, or condominium; generally for the purpose of enforcing deed restrictions or managing the common elements of the development (Barron’s Dictionary of Real Estate Terms)  According to the Colorado Department of Regulatory Agencies’ website: … More Real Estate Term of the Day: Homeowners’ Association (HOA)

Real Estate Term of the Day: Declaration

Real Estate Term of the Day: Declaration DECLARATION (aka: declaration of the CCRs) – a legal document used to create a condominium or community association.  Includes a description of the property/community and the uses to which is restricted, a description of individual ownership units, common areas, and procedures for amending the declaration (Barron’s Dictionary of … More Real Estate Term of the Day: Declaration

Real Estate Term of The Day: Recap of the “C” Terms

CAP CERTIFICATE OF OCCUPANCY CLEAR TITLE CLOSING CLOSING AGENT CLOSING COST CLOSING DATE CLOSING STATEMENT CLOUD ON THE TITLE CLUSTER HOUSING CODE OF ETHICS COMMISSION COMMITMENT LETTER COMMON AREAS COMMUNITY ASSOCIATION CO-MORTGAGOR COMPARABLE SALES COMPARATIVE MARKET ANALYSIS CONCESSIONS CONDITIONS CONDITIONAL OFFER CONDITIONS, COVENANTS & RESTRICTIONS CONDOMINIUM CONFORMING LOAN CONTRACT FOR PURCHASE CONVENTIONAL LOAN CONVEYANCE COUNTEROFFER … More Real Estate Term of The Day: Recap of the “C” Terms

Real Estate Term of the Day: Covenant

Real Estate Term of the Day: Covenant COVENANT – promise written into deeds and other instruments agreeing to performance or nonperformance of certain acts, or requiring or preventing certain uses of the property (Barron’s Dictionary of Real Estate Terms) Common items found in a neighborhood’s convents (typically enforced by an HOA) may include: rules regarding … More Real Estate Term of the Day: Covenant