If you’re considering buying a property in Bay Colony or Pelican Bay, you should be aware that many of the exclusive neighborhoods in these communities are managed by Homeowners' Associations. Luxury condo buildings and gated communities in particular are highly likely to have HOAs. But what exactly are HOAs, and how do they influence life in these premier Floridian communities? And is a Pelican Bay or Bay Colony home with an HOA right for you?
What is an HOA?
At its core, an HOA is an organization within a residential community that sets and enforces rules for the properties and their residents. The HOA board is typically made up of homeowners in the community. In return for a monthly or annual fee, the HOA provides services like landscaping,…
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