San Francisco homeowners’ association basics and what you need to know before you buy in an HOA-managed community.
A Homeowners’ Association (HOA) is a legal entity charged with the marketing and managing of single family homes, condominiums, or lots in a residential subdivision. Typically, buyers of residences in such a subdivision must join the HOA as a condition of purchase.
Some HOAs are operated by larger HOA management firms, with the association’s board of directors taking responsibility for selection and retention of these companies. Other HOAs are run by the property owners.
As most homeowners’ associations are incorporated, they are subject to state statutes governing non-profit corporations. They are also subject to state specific laws, such as the Davis-Stirling Common Interest Development Act in California. Homeowners’ associations play an increasing role in American real estate, and as of 2010 nearly 25 million homes were governed by HOAs.
From our offices in San Francisco, California, and San Carlos, California, our professional property managers manage properties throughout the California Bay Area, including San Francisco, Novato, Mill Valley, Redwood Shores, Palo Alto, Menlo Park, Redwood City, Foster City, Santa Clara, San Mateo, and Burlingame. Interested in buying or selling real estate?
HOW TO CONTACT US
Five Star Property Management
851 Burlway Rd Suite 705
Burlingame, CA 94010
(650) 591-3868 Telephone
(415) 962-0471 Fax
SAN FRANCISCO OFFICE
1714 Stockton Street,
3rd floor # 237
San Francisco, CA 94133