Statement of ownership

Statement of Ownership in a Homeowner Association

A Statement of Ownership is a legal document asserting the ownership rights of an individual over a property within the jurisdiction of a homeowner association (HOA). It’s an essential document that provides a legal claim of ownership and can be used as evidence in cases of ownership disputes. This document typically includes details such as the owner’s name, property address, and details about the HOA. It can also include other information such as the date of purchase and the legal description of the property.

Such a Statement of Ownership is often required when buying, selling, or transferring a property within an HOA. It can also be necessary for financial transactions related to the property, such as securing a mortgage or home equity loan. As a homeowner in an HOA, it’s crucial to keep your Statement of Ownership in a safe place and up to date.

While the exact requirements for a Statement of Ownership can vary by location and the specific HOA, it generally needs to be signed by the property owner and notarized. It may also need to be filed with the county recorder’s office or other local government agency. It’s advisable to consult with a real estate attorney or other professional to ensure you understand the requirements and processes involved in obtaining and maintaining a Statement of Ownership.