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Whats the difference between a Regime & a POA?

POA regime
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Whats the difference between a Regime & a POA?

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If you bought a condominium in a private community you would in all likelihood have both regime and property owners association (POA) fees. If you buy a home, you would only have a POA fee. A property owners association is in charge of handling all of the common properties owned by the private community. The common properties are generally but not limited to: roads, open spaces, park areas, community centers, swimming pools, tennis courts, garden areas, nature preserves. They also might be in charge of handling security for a private community. Some of the private communities own golf course and club house facilities, and an owner in one of these communities would be an automatic member of the club. The POA fees are going to range in price depending on what the POA owns: i.e. golf course communities would pay a higher rate than a community that doesnt include golf.

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