QUESTION

can my homeowners association purchase land

Asked on Jun 21st, 2017 on Real Estate - New York
More details to this question:
as a settlement of a lawsuit brought by 10 members of our HOA, the defendant is now offering land in lieu of payment. Some within our HOA want the land deeded to the HOA. Can an HOA own land?
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1 ANSWER

Estate Planning Attorney serving New York, NY
1 Award
An HOA can own land. 
Answered on Jul 02nd, 2017 at 6:24 AM

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