An HOA usually has a board of directors or governors. These groups are elected to enforce and oversee the HOA’s rules and regulations. An HOA typically describes its rules asrestrictive covenantsin a document called a Declaration of Covenants, Conditions, and Restrictions (CC&Rs). CC&Rs set ...
If you live in a planned community, the homeowners association (HOA) and the individual lot owners have the right to enforce covenants. However, violations can become unenforceable throughlaches—the loss of a right through undue delay or failure to assert it. For example, say you build a fen...
You need to amend or rewrite documents:You may also want to seek legal counsel when your HOA board needs to amend or rewrite a governing document, such as the Articles of Incorporation, the By-laws, or the Covenants, Conditions, and Restrictions. Many documents are governed by law, which m...
If your home is part of an HOA, you'll need to give the buyer documentation on the HOA's covenants, codes, and restrictions; financial history; required fees; approval process; and more. Survey results or survey affidavits. A survey (or an affidavit verifying a previous survey) confirms th...
The VA also requires specific documents before it will approve a loan, according to its lender handbook. Required Documents May Include: Declaration of covenants, conditions, and restrictions HOA or COA bylaws HOA or COA articles of incorporation ...
Any sale of a landominium where the buyer will be subject to membership in the HOA must involve the disclosure of important details from the association. These generally include anycovenantsor restrictions imposed by the HOA, a financial statement, and any plans for physical improvements by the ...