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The document is an application form for homeowners in the Saratoga Springs Estates to request approval from the Architectural Review Committee (ARC) for modifications or improvements to their property. It outlines the necessary information and documentation required for submission, emphasizes the importance of obtaining approval before starting any work, and includes sections for detailing the proposed project, including builder information, project scope, materials, and compliance with local permits.

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How much is the HOA fee in Nevada?

LAS VEGAS (KTNV) As more Americans look to jump from renting to buying a home, more properties require you to cover a homeowners association fee. NPR said the average monthly fee was about $250 in 2023.

What are the disadvantages of a HOA?

Cons: Fees and fines, either monthly or annually. Many covenants, rules, and restrictions throughout the HOA. High possibility of poor management throughout the community. Risk of lien and foreclosure and many fines.

How does Hoa work in Nevada?

Homeowners Associations Rights and Responsibilities. The primary purpose of HOAs is to protect property values and provide maintenance on common elements of the community. Associations have the power to collect assessments from homeowners to build funds and build reserves for maintenance purposes.

Who governs HOAs in Nevada?

Federal and state laws regulate HOAs in Nevada, but it is the Nevada Real Estate Department that is ultimately responsible for maintaining the proper functioning of HOAs and their communities.

How do I find my HOA in Nevada?

HOA Directory: Homeowners can find their community association or subdivisions contact information, list of board members, and other relevant corporate information by visiting the Nevada Business Portal and entering the name of the association in the search field.

Why are HOAs given so much power?

HOAs have power because the association grants them rights and privileges. An HOAs power comes from the documents that created the association. It gives the HOA the ability to set rules and regulations for the building or community. The documents also give the HOA the ability to enforce those rules.

Who makes money from HOAs?

Since most Associations are non-profit corporations, the money collected from home and unit owners fees and assessments are used to pay for the current and future expenses of the Association.

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