If you’re contemplating purchasing a property in a condo, townhouse, or subdivision development, you’ll be forced to follow a stringent homeowner association rules and regulations; pay fines when you fail to obey these rules; be subjected to a property lien when you can’t keep up with the monthly association fees; violation fees and other assessments; and receive additional fines when you break the rules.
Many homebuyers who purchased property with a homeowner’s association were shocked to discover how strict the rules were. Here are some of the rules you could be subjected to:
-The homeowner association has to approve any exterior design alterations or painting done by the homeowner.
-You aren’t allowed to park your car in the drive way to fix it.
-Installation of a utility shed in your backyard isn’t allowed.
-Setting up of hanging laundry lines, television antennas, satellite dishes, or basketball hoops aren’t allowed.
While civil rights laws influence the drafting of homeowner association rules, some residents won’t be thrilled with some of the regulations. For example, just because a homeowner association regulation permits a property owner to have children living in the community doesn’t mean all residents will be overjoyed with the presence of kids. Only a senior community can exclude children from living in its association. You may need to be proactive in your association to help reform a better environment for your children.
Let’s go over some additional regulations you may need to abide by:
-Only one pet per unit allowed. Maximum weight can’t exceed 15 counts.
-Association rules will force a property owner to dispose of uncontrolled or excessively barking dogs within three days notice by the board.
-If a property owner maintains a bicycle, it has to be locked away in specially designated places. They can’t be left unsupervised on common grounds, in hallways, or left out on patios or balconies.
-Personal demeanor and dress code must follow association requirements.
-Signs aren’t allowed on uncommon areas of the association in any form or fashion.
-Owners aren’t permitted to install drapes or curtains in any unit without a white liner visible from the exterior.
-Home owners aren’t allowed to invite more than 10 friends or family members over for a gathering in a unit.
-If a property owner has plans to rent out their unit, a pre-approval must be obtained by the board before embarking on such an endeavor.
-If you decide to sell your unit, the board can reject any new homebuyer in the association for any legal reason it decides is appropriate.
Homeowner association rules can affect certain areas of your lifestyle. Before you decide on a development, make sure to review the regulations to see if you can live with them.
Are you searching for Tustin homes for sale facing foreclosure? Learn how to pick good Tustin Realtors to help you find the best one.
Tags: building, Buying, Condominiums, credit, estate, finance, Foreclosure/Repossession, foreclosures, FSBO, Homes, investing, moving, real, relocating, selling