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The homeowners association (HOA) plays a crucial role in maintaining the order and integrity of a community. With this goal in mind, they are entrusted to enforce neighborhood policies, such as restrictions on house aesthetics, use of communal spaces and collection of fees. While HOAs have the flexibility to establish policies tailored for their…

Leasing property can usually be a steady source of income but could also lead to legal problems, depending on the situation. In certain circumstances, the property owner may have no choice but to ask their tenant to leave by initiating the eviction process. Deciding to evict someone may not take much time, but going…

The structuring of Property Owners’ Associations (POAs) as non-profit corporations provides them with some legal protections. However, they are not entirely safe from legal threats. POAs must manage business affairs while balancing the wants and needs of their community. With a broad scope of operations and several stakeholders involved, the legal issues a POA…

Being a member of your community’s HOA is a big responsibility. As the homeowners trust you to do the work, you must do your best to perform your duties. However, no matter how stringent you are with your tasks, there will still be homeowners who find you lacking. Some residents could be critical of…

As a landlord or tenant, your responsibilities go beyond just the day-to-day upkeep of your property. You must also ensure that your establishment is accessible to everyone in compliance with the Americans With Disabilities Act (ADA). This means making modifications, if necessary, to keep your space inclusive, allowing people with different abilities and needs…

Property Owners Associations (POAs) have various responsibilities, including collecting payments from members for different purposes. Missing these requirements can lead to debt or assessments accumulating over time with additional fines and charges. If the problem continues despite collection efforts, POAs may have to take specific measures and conduct foreclosure. Still, it is not a…

Overdue rent from large tenants can have a domino effect, especially when these payments are crucial to your cash flow. In Texas, there are a few ways you can recover unpaid rent. However, your business relationship with the renter may influence your approach. Speaking to the tenant Start by talking to your tenant directly….

When you own property in Houston, you will find that ad valorem taxes, or property taxes based on the assessed value of your real estate, are a significant part of your annual expenses. Every year, county appraisal districts in Texas assess the value of properties like homes, land, businesses, etc. Unfortunately, sometimes, the appraisal…

In the world of commercial real estate, which describes properties used for business purposes (instead of personal purposes, for example), there is a term called “assignment of leases.” Let’s say you own a building for which you got a loan from a bank, and you rent space in your building to businesses. It could…

Buying a property can be an exciting experience but often involves different procedures vital to accessing crucial aspects of the purchase, such as funding. If you are taking out a loan to buy the property, the lender may require an appraisal to help determine the mortgage’s amount. The outcome of this step can be…