HOAs do exist in Europe too. Because it’s impossible to coordinate maintaining shared property without them.
The central heating system is showing its age. With what technology will it be replaced? Gas? Oil? Heat pump? A connection to district heating?
If it’s a heat pump, should you put solar panels on the roof? If so, who pays for them? Everyone? What if some don’t want to? How will revenue be shared if only some are willing to pay the cost? How will you calculate how much it costs to heat one apartment whose owner shares ownership of the solar panels versus how much it costs to heat one apartment whose owner doesn’t?
Well, the thing I’m referring to translates exactly to homeowner association in English. And not only does it do that, the Wikipedia articles link each other.
A tenant’s association feels much different. Tenants don’t have any decision rights as to what will be done to the apartment block considering they don’t own the place. At best they can demand infrastructure improvements from their shared landlords if e.g. the elevator breaks every week.
And a residential association seems to just be a neighborhood association? So just a group of neighbors coming together to organize both political advocacy and barbecues.
HOAs do exist in Europe too. Because it’s impossible to coordinate maintaining shared property without them.
The central heating system is showing its age. With what technology will it be replaced? Gas? Oil? Heat pump? A connection to district heating?
If it’s a heat pump, should you put solar panels on the roof? If so, who pays for them? Everyone? What if some don’t want to? How will revenue be shared if only some are willing to pay the cost? How will you calculate how much it costs to heat one apartment whose owner shares ownership of the solar panels versus how much it costs to heat one apartment whose owner doesn’t?
That’s not a HOA.
That’s a Tenant’s Association or a Residential Association
Well, the thing I’m referring to translates exactly to homeowner association in English. And not only does it do that, the Wikipedia articles link each other.
A tenant’s association feels much different. Tenants don’t have any decision rights as to what will be done to the apartment block considering they don’t own the place. At best they can demand infrastructure improvements from their shared landlords if e.g. the elevator breaks every week.
And a residential association seems to just be a neighborhood association? So just a group of neighbors coming together to organize both political advocacy and barbecues.
This Wikipedia article also mentions the need for an HOA: https://en.wikipedia.org/wiki/Condominium