Unfortunately, HOA’s are not only for ‘Condos’. Condos, Townhouses, SFR, & Timeshares (all PUDs or CIDs) all can fall under HOA’s. In fact, it is rather difficult to find new homes without HOA’s. Likewise for Mello-Roos.
But you won’t get the bright pink house with purple trim next door…
Everyone who owns or plans to own a PUD/CID should be read the following at least twice:
California Civil Code
Division 2 Property
Part 4 Acquisition of Property
Title 6 Common Interest Developments
Correction:
Regular Assessments over 20% requires quorum (50%) of owners.
Special Assessments over 5% of the current fiscal year budget requires quorum of owners.
California Civil Code
Division 2 Property
Part 4 Acquisition of Property
Title 6 Common Interest Developments
Chapter 5 Operations
Article 4 Assessments – 1366 (b)
