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Homeowners Association (HOA)

Homeowners Association (HOA) – as the name suggests, it is a legal entity bringing together all owners in a particular house. The purpose of the association is to facilitate (enable) joint decisions concerning the management of the house. It should be established in every house where there are at least five units belonging to at least three different owners.

chata na venkově ve spoluvlastnictví

8 minutes of reading

What are the advantages and disadvantages of co-ownership?

Ondřej Preuss
2. 2. 2024

Other legal issues

Do you own an item jointly with someone else? What does co-ownership entail, what rights and obligations do you have in this relationship, what types of co-ownership are known and how can the common property be managed? That's what we look at in this article.

Vlastníci bytu obdrželi vyúčtování od SVJ

5 minutes of reading

Fines related to the accounting of the JVU

Ondřej Preuss
28. 11. 2022

HOA and housing cooperatives

A unit owners' association does not usually have a trained accountant in its ranks. However, it should be all the more concerned about the accuracy of its accounting. For incorrect accounting or its complete absence, it is subject to relatively high fines. They are threatened by the failure to submit or the submission of incorrect accounts.

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8 minutes of reading

What debts are transferred to the purchaser of the dwelling unit?

Ondřej Preuss
2. 11. 2022

Real Estate

Property prices are starting to fall, albeit slowly, but still. If you are going to buy an apartment or a cooperative share, you should be cautious, because you acquire not only rights but also obligations. For example, the obligation to repay the debts of the previous owner. How can this be avoided?

shromáždění vlastníků jednotek

9 minutes of reading

What bodies may (or must) be established by the JVU?

Ondřej Preuss
6. 10. 2022

Real Estate

A community of unit owners functions thanks to individual bodies, whose existence is partly prescribed by law, but can also be created voluntarily. Which bodies are involved, what are their relationships and what are their rights and obligations? This is discussed in detail in our article.

účetnictví SVJ

6 minutes of reading

How to keep the accounts of a community of unit owners?

Ondřej Preuss
6. 9. 2022

HOA and housing cooperatives

An important part of the management of the JVU is bookkeeping, which by no means only includes billing for services, but also, for example, an overview of the repayment of JVU loans, management of JVU receivables and much more. What should unit owners be concerned about and what should they look out for?

pohled na obytný dům

8 minutes of reading

What a well-written statute contains

Ondřej Preuss
7. 7. 2022

HOA and housing cooperatives

The statutes of the unit owners' association are the basic document in a residential building. It is worth at least looking at them when you buy or rent a new apartment and if you are directly at the birth of new statutes or their change, then it is necessary to make sure that they contain all the elements provided by law. Which ones are?

platba do fondu oprav

8 minutes of reading

Who should pay into the repair fund and how much?

Ondřej Preuss
28. 6. 2022

HOA and housing cooperatives

Every homeowner has certainly encountered a contribution to the repair fund. How to determine how much the individual owners should contribute, what all can be paid from the fund and how to understand it from an accounting point of view? We will focus on all this in today's article.

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Article topics:

Self-employed person

Termination of employment

Employment contract

Purchase contract

Agreement to perform work

Commercial Register

Working time account

Identification number

Homeowners Association (HOA)

Land Registry Office

Chairman of HOA

Incapacity for work

Termination by agreement

Legal irregularities

Housing cooperative

Apartment lease

Immediate termination of employment

Agreement on termination of employment

Court of Registration

Security deposit

Cooperative apartment

Cooperative share

Work discipline

Contractual penalty

Important information

Services for citizens

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