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Expenses covered by the dues include lawn care, water and electricity to common areas, insurance, taxes and association management fees. Photo by Kathryn McNutt. The study shows only about , Oklahomans live in the fewer than 2, such communities. Any development in Oklahoma City that includes a common area — even just a brick entry sign with a flowerbed — must create an HOA, said Georgie Rasco, executive director for the nonprofit Neighborhood Alliance of Central Oklahoma.
All homeowners in the development co-own the common spaces and are responsible to maintain them, said Rasco, who has been working with HOAs for 24 years. But what if the opposite is true?
The dues can be thousands of dollars if the development has luxury amenities like an airstrip, golf course or riding stables and trails. HOAs are overseen by a volunteer board of residents, with or without the services of a property management company. And HOA management companies are not regulated, so property owners with a complaint against the company have no recourse but to hire an attorney and file suit, she said.
One developer left the property owners with 17 acres of land that is unusable, but they must maintain. Western and N. Pennsylvania avenues in Oklahoma City limits and the Edmond school district.