“The mortgage holder must confirm that the property is equipped with secure pedestrian access and adequate access to vehicles from a public or private road. Roads must either be dedicated to public use and maintenance or be preserved as private roads protected by registered permanent easements. Private roads, including shared walkways, must be protected by permanently registered easements, shares of ownership, or be owned and maintained by an HOA. Shared aisles do not require a joint maintenance contract. Fannie Mae`s traditional loans require properties on a private street to have a “reasonable and legally enforceable agreement or agreement to maintain the road.” Fannie goes on to say that the following should be included in the registered document: The above example is not so scary, but what if you find a house in a small community, on a rural county road, or on a gravel/dirt road? Often there is no club and an agreement for road maintenance is rarely available. Unless amended, the establishment of the entity and the adoption of by-laws are one-time events that require the signature of all owners who wish to become members of the association. In other words, only those who agree to join the association are bound by its rules and regulations. That said, even if not all owners join, an association can still be helpful in enforcing existing covenants against people who don`t. The association can also be useful in enforcing the legal obligation of owners to participate in the maintenance of private roads. If repair problems occur, a person or group of owners can fix the problem. But what if the road is washed out or neglected over time? Mortgage lenders and credit agencies want to make sure the roads remain passable.
The Midwest GreenPave® soil stabilization technology, turns unpaved gravel and dirt roads into asphalt-resistant surfaces that require minimal maintenance. Soil-Sement® Engineered Formula is a polymer emulsion that similarly increases the bearing capacity of all types of floors and surfaces, controls dust and reduces the need for frequent road maintenance. Synthetic fluids EK35® and EnviroKleen® use binder systems that stabilize unpaved surfaces, control PM10 and PM2.5 emissions, and create sustainable roads with road-like strength. As a rule, large municipalities already have a road maintenance contract. In addition, they have a HOA, which most likely maintains the roads. HOA members pay HOA fees, and some of the contributions are allocated to road maintenance and repair, but these are the easiest. .