The past year hasn't gone all that smoothly for HOA's in Las Vegas and Henderson. Fraudulent actions, four random deaths, and a recent vote to remove an HOA board in North Las Vegas has left the state of Nevada wondering: what's next?
However, even under such turbulent conditions, Mike Randolph, the manager of Home Association Services, claims that the difficulty level to disband an HOA is extremely high. Due to a detailed set of conditions, covenants and restrictions (referred to as CC&Rs) attached to every property in Las Vegas and Henderson, rules are predetermined before building begins. In order to negate such strict policies, 75 percent of the homeowners within any particular association would be required to vote to disband it. Southern Nevada currently has over 2,300 active HOAs, and their prevalence provides financial relief to cities and counties where they are individually located. For this reason, it's safe to assume that HOAs aren't going away anytime soon in Las Vegas and in Henderson.
Randolph states, "In a situation where the HOA owns all the gutters, curbs, sidewalks, streets and swear systems, the county or city still get all the property taxes but have to provide no services." This, Randolph feels, is one huge incentive to keep HOAs in existence. "…that's why we have so many HOAs - because it's good for the government."