Homeowner Associations

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Community Associations (HOA)

What is a community association? A community association may have any number of Names, including homeowners’ association (HOA), property Owners association, condominium association, cooperative, Council of homeowners and common interest Development.

Community associations, also known as homeowners associations (HOAs), are organizations that are responsible for managing and maintaining the common areas of a community. These organizations are typically made up of homeowners who live in the community and are responsible for enforcing the rules and regulations of the community, as well as maintaining common areas such as parks, swimming pools, and other amenities.

  • HOAs are typically established by the developer of a community or by a group of homeowners who want to create a set of rules and regulations for the community. These rules and regulations, also known as covenants, conditions, and restrictions (CC&Rs), outline the rights and responsibilities of homeowners within the community.
  • HOAs are typically funded through assessments or fees that are paid by homeowners. These fees are used to cover the costs of maintaining common areas, enforcing the rules and regulations of the community, and providing other services to homeowners.
  • HOAs can be a useful tool for maintaining the quality and appearance of a community, but they can also be a source of conflict if homeowners disagree with the rules or feel that their rights are being violated. It is important for homeowners to be aware of the rules and regulations of their community and to participate in the decision-making process if they have concerns.

Community associations offer choices, lifestyles, amenities, services, and efficiencies that people value. For many, a condominium or planned community can be the most affordable Way to own a home. Others are drawn to the architectural uniformity of the neighborhood or the landscaping. Still others are attracted by recreational Amenities and social opportunities.

Questions you should ask

  • How much are the assessments, and when are Payments due?
  • What do the assessments cover?
  • What is not covered and, thus, what are your Individual responsibilities as a homeowner?
  • What procedures are in place to collect delinquent Assessments?
  • How often can assessments increase and by How much?
  • What is the annual budget and how does it Compare to similar communities?
  • Does the community have a viable reserve to fund Major, long-term maintenance and repairs?
  • Have special assessments been levied on homeowners? If so, for how much and for what purpose?
  • Are there restrictions on renting property?
  • Do the architectural guidelines suit your Preferences?
  • Is the community age-restricted? If so, what is the Policy on underage residents?
  • Are there simmering issues between homeowners and the elected board?
  • What are the rules with respect to pets, flags, outside Antennas, satellite dishes, clotheslines, fences, Patios, parking, and home businesses?
  • Are board meetings open to all residents?

Special issues to consider
Newly developed communities: Determine not only when but also how the Developer plans to transition control of the Community to homeowners.

Resale: Consult a community association manager or Association officer to determine if there are Unresolved issues pertaining to that property, Delinquent assessments, or unapproved Architectural changes, for example.
Buying to rent: Examine the CC&Rs with respect to regulations affecting rentals. Remember, it will be your Responsibility to educate your Renters and ensure they abide by the association’s rules.

Condominium conversions: You need to be especially diligent to make sure you know exactly what You’re buying. Appearances can be Misleading. Old buildings are old buildings. A snappy, refurbished lobby does not Necessarily mean that the heating system, elevators, and roof aren’t due for expensive overhauls.

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