Why You Need to Know HOA Rules

Before we get into the details of why it's important to learn about HOA rules, you need first to understand what an HOA is, why it's established for a condo, lofts, and townhouse complexes, and what type of rules it lays on owners.


What is HOA?


HOA stands for Home Owners' Association.  The owners of all units in a condo building or townhouse complex form this association. It is a legally recognized entity that establishes legal guidelines that members whose interests it represents must follow. The most important thing to understand about HOAs is that they have the power to enforce their own rules, which are binding over and above what is set by the City ordinances.


Being an HOA Member


As the owner of a condominium unit, loft condo, or townhouse unit in a complex, you become a member of the HOA and must pay HOA maintenance fees on a regular basis.


Why is HOA established?


It is critical for a building with many apartments, each owned by a different individual, to have an organization where they can discuss common issues and set guidelines that owners must follow. Those who buy such property want it to be in good condition not just now, but also in the future. Having a Home Owners Association does this.


Some rules


The rules laid down by HOA look into aspects such as property maintenance, gardening, landscape, swimming pool, garbage disposal, and the upkeep of any recreational facilities. These will be specified in the Covenants, Conditions, and Restrictions (CCRs) of the HOA. All established rules must be followed. Certain rules can dictate concerns such as the number of pets allowed in your unit or the age limit for members living in the unit, and so on.


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