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What is a Homeowners
Association?
Loosely defined, a homeowners
assonciation is an organization of neighbors who work together
toward a common goal. That goal being, providing the
highest quality of life for all members, protection of
property values and social/recreational activities through its
amenities. Through various committes, all members are
invited to participate in a variety of functions which benefit
the neighborhood in general and foster fellowship and goodwill
among neighbors.
More specifically, in the case of
Cedarfield, as with most planned communities, a homeowners
association is an official, legal neighborhood governing body
that is established in adbance of the development of the
neighborhood. Deed restrictions placed upon the
property, in advance of its first and subseqent sale, subject
all homeowners to mandatory membership in the
homeowners association, whether informed or not at time of
closing. Cedarfield Plantation Homeowners Association is
a non-profit corporation.
The
Association is governed by several documents: Articles of
Incorporation, which defines the membership and the purpose of
the Association; By-Laws, which outline the rules and powers
of the Association and finally, the Declaration of Covenants,
Restrictions and Conditions, agreed to by all property
owners, as a condition of purchase of their home. The
Board of Directors of the Homeowners Association is
responsible for the enforcement of the described deed
restrictions within the guidelines provided in these
documents.
All
amenities and common property are owned by the members of the
Homeowners Association, and therefore, share equally in the
financial responsibility for maintaining them.
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