N. Carolina HOA In Tatters
guest blog by Andrea Barnes
HOAs across the country are begging local governments for help supporting their dilapidated “amenities”, roads and buildings.
Two issues:
1. Buyer beware. Most HOA contracts now have language that allows the sale of common land. All that lovely “green space” you paid a hefty price for may soon be public property.
2. Municipalities have relegated their “governmental” duties to private contracts. Since they operate as such and are being given the same powers to maintain infrastructure, manage neighborhood safety and health concerns, it’s long past time to acknowledge HOAs as mini municipalities.
