Lakewood POA, Marion , N.C. 

HOA & POA Statistics

 

  • New research busts myth that HOAs protect property values 
  • 23% of HOA residents report that living in an HOA has made their lives more difficult. 
  • 18.3% of HOA residents say paying dues is the worst part of living in an HOA. 
  • HOA's gone wild negativley  impacts house values (HOAs that have a high record of forclosures)  
  • 13.44% of HOA residents report a bad or very bad experience with their communities. 
  • 33.0% of residents report that parking is the most likely cause of conflict in their associations. 
  • 31.9% of residents say noise is the biggest complaint while 
Quorum

POA's formed after 1/1/99 are required to follow these meeting rules:
1. Quorum: If not in bylaws, 10% of the votes in person or by proxy at beginning (47F-3-109(a)) 

2.  If no Quorum then: Quorum halved at each continued meeting (47F-3-109(c))

3. Board Member Removal: Majority vote of members present and voting (47F-3-103(b))  

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