Tag Archives: Lake associations

Hidden liabilities of HOA ponds, lakes can wreck property values

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By Deborah Goonan, Independent American Communities deborahgoonan@icloud.com   Home buyers are often tempted by the natural beauty and recreational value of ponds and lakes. But condo, HOA, and lake association members don’t always consider the hidden risks and liabilities of life near the water.   WISCONSIN The case of the disappearing pond Homeowners in the Auburn Hills subdivision of Caledonia, Wisconsin, are angry and disappointed, now that they’ve learned that their view of an unattractive Continue ReadingHidden liabilities of HOA ponds, lakes can wreck property values→

NJ Court: Lake Parsippany Easements obligate homeowners to pay POA fees

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By Deborah Goonan, Independent American Communities   On October 7, the Superior Court of New Jersey, Morris County, ruled that the Lake Parsippany tract of homes forms a common interest community, as defined by NJ statute. Furthermore, as Justice Stuart A. Minkowicz wrote in the court’s opinion, homeowners enjoy the benefits of living near the lake, as granted by easements in their property deeds. Attorneys for LPPOA conducted a search of 25 titles of homes Continue ReadingNJ Court: Lake Parsippany Easements obligate homeowners to pay POA fees→

NJ Governor “conditionally vetoes” bill that would prevent surprise mandatory HOA lake fees

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By Deborah Goonan, Independent American Communities debgoonan@icloud.com   It’s been said that the legislative process is a lot like making sausage. Start with some simple ground meat, add varying amounts of miscellaneous seasonings, and mix it together. You’re never quite sure you’ll like the recipe’s end result. Likewise, New Jersey Senate Bill 3661 started out as a relatively simple bill. It was meant to clarify a 2017 amendment to the Planned Real Estate Financial Disclosure Continue ReadingNJ Governor “conditionally vetoes” bill that would prevent surprise mandatory HOA lake fees→

New Jersey HOA, condo law will impact assessment liens, priority, & homeowner rights

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By Deborah Goonan, Independent American Communities Updated Oct. 24, 2019 The New Jersey Legislature recently passed important amendments to condominium and homeowners association lien priority law. Signed by Governor Murphy on April 29, state law now provides condo associations gain greater access to past due assessments. In addition, HOAs in planned communities are now able to claim priority lien status for the first time. Cooperative associations are not be subject to priority lien status. Read Continue ReadingNew Jersey HOA, condo law will impact assessment liens, priority, & homeowner rights→