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Posts Tagged 'penalty clause in governance documentation'

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Building Penalties and Homeowner’s Associations

Before buying an erf or plot as part of a homeowner’s association (HOA), it is extremely important for the buyer to read and completely understand all of the provisions, including building penalties which are laid out by the HOA’s governance documentation.

Members of a homeowner’s association are required to comply with “commencement of construction” and “completion of construction” dates.


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