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Condo fees are usually higher than HOAfees. This is because all condo owners have to pay for the repairing of the whole condo building and common areas. On the other side, homeowners maintain their own homes, so HOAfees don't cover the cost of maintaining other people's homes. Thus, they're lower.
89 - Hunters Point HOA. 90 - Pulpit Rock Park HOA. 91 - NE Colorado Springs. Neighborhood Association. 92 - Springs Ranch HOA. 93 - Old Broadmoor.
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"Based on maintenance fees collected, an organized HOA maintains a comfortable balance in their fund to offset maintenance costs or unexpected issues that need to be fixed," says Drew Scott of ...
There are two ways an HOAinColorado can file: (1) to file as a corporation; or (2) to file under IRC Section 528. Most often HOAs choose to file under IRC Section 528 due to the fact that if almost all the income that is received by the HOA comes from assessments and nearly all of the expenses are from maintaining the properties then there ...