Whether you own a new or single-family housing development, a homeowners association is more than likely in your complex. Homeowners’ associations are becoming more more common and often act as the governing body of the development. For instance, if you purchase a property governed by a homeowner’s associated, you instantly become a member of the HOA through the contract indented in the purchase of the property. Generally, the contracts under HOA state you will obey all of the rules listed, as well as, pay regular expenses.
Rules Under HOA
When purchasing a property governed by a HOA, there are specific rules, or covenants, homeowners must follow. These rules often regulate what you can and cannot do within the boundaries of your home. Most of the HOA rules restrict certain colors you may paint your house, the amount of cars you own and where you park, if you may own a pet, and even if you may rent out your home to others.
It is important for homeowners to review the regulations under the HOA contract before the deal is closed as it will be too late by this time. Adding a contingency to the contract stating that you may review any governmental documents before closing will benefit you in learning the rules of the certain HOA community you are becoming involved with.
Violations Under HOA
It is crucial to follow all of the rules and regulations under your septic HOA contract to ensure you do not receive any penalties. Violations are generally light and can be reversed easily. For instance, if a homeowner brings in a pet in an associated that restricts animals, the homeowner can simply give the pet away to avoid any consequences. However, some HOA communities are stricter when it comes to violations, most requiring the homeowner to pay a fine depending on the severity of the situation.
For more information on homeowners’ associations or to learn more about how we can support you through your real estate issues, contact Chang Legal today.
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