Homeowner Education

The latest news, tips, and tricks for homeowners

Community Apartment

a collection of apartment buildings on adjoining pieces of land, generally owned by one entity. The buildings often share common grounds and amenities, such as

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Common Area Assessment

A common-area assessment is a cost that members of condominium associations and homeowners associations must pay to maintain common areas, such as swimming pools, tennis

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Commission

A commission is the fee paid to someone as part of the sale of a particular product. One of the best known commissions involves the

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COA

A COA is specific to owners of condominiums. Owners that are a part of these associations own their specific condominium and then share the ownership

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Cloud on Title

A cloud on title is any unresolved claim, lien or other encumbrance on a property that may prevent transfer of ownership from one party to

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Co-housing

A co-housing community is a community in which residents have their own private homes, typically built in a cluster, but share certain areas or facilities

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Closing

Closing is one of the final components to the homebuying process in which the sale of the property takes place. A buyer signs lender agreements

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