Homeowners Association law can be used to govern a residential complex, which can be a community of single family homes or a condominium complex. When you buy a home in such a complex, you are automatically enrolled as a member of the governing Homeowners Association (HOA). At this point, you are required to abide by the rules and regulations of the HOA and pay its dues as a member.
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The following is a list of all such things to keep note of when you have to deal with HOAs:
Home buyers have to study an HOA's CC&R very carefully before signing on the dotted line. It can restrict a lot of what you can or cannot do. This may include everything from pet policies to allowed colors for painting your home and the number of cars you can park. If you violate the CC&R, you can be penalized. This can be a simple fine and/or corrective measures, if required.
If you dispute the charges, you can be forced to sell your home. You can file suit against the HOA and the person or persons with whom you have a dispute. HOA’s do have an administrative hearing process for dispute resolution. If the HOA enforcement gets out of hand or is not enough, residents can ask for dissolution of the HOA.
Do you have additional questions regarding Homeowners Association Law in your area? Our real estate attorneys are here to assist you throughout the process and answer any questions you may have. Contact a real estate lawyer near you today.
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