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A deeded community, also known as a planned community or a planned unit development (PUD), is a type of residential community where homeowners own both their individual properties and a share of the common areas and amenities within the community. This form of community ownership offers homeowners a range of benefits and responsibilities.
In a deeded community, homeowners become members of a homeowners association (HOA), which is responsible for managing and maintaining the common areas and amenities. These common areas may include parks, playgrounds, swimming pools, tennis courts, walking trails, and other recreational facilities. The HOA is funded by the homeowners through regular assessments or fees.
Here are some frequently asked questions about deeded communities:
1. What are the advantages of living in a deeded community?
Living in a deeded community offers access to shared amenities, increased property values, and a sense of community.
2. Are there any restrictions in deeded communities?
Yes, deeded communities often have rules and regulations governing the use of properties and common areas, such as architectural guidelines or noise restrictions.
3. How are common expenses shared?
Homeowners pay regular assessments or fees to cover the cost of maintaining and managing the common areas and amenities.
4. Can homeowners make changes to their properties?
There may be restrictions on exterior modifications to maintain a cohesive look within the community. Homeowners may need to seek approval from the HOA before making changes.
5. What if I don’t want to be part of the HOA?
Membership in the HOA is usually mandatory for all homeowners in a deeded community. The fees collected help maintain the community’s shared spaces.
6. How are HOA decisions made?
HOA decisions are typically made by a board of directors elected by the homeowners. Regular meetings are held to discuss community matters.
7. Can homeowners run for a position on the board?
Yes, homeowners can run for positions on the board and actively participate in decision-making and community governance.
In conclusion, a deeded community offers homeowners the opportunity to own both their individual properties and a share of the common areas and amenities. While there may be restrictions and fees involved, the benefits of living in a deeded community, such as access to shared amenities and a sense of community, can be highly rewarding.
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