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...
When you bought your home, you probably received a document called the covenants, conditions and restrictions, or CC&Rs, that spells out your rights as a homeowner. In addition, your HOA board holds regular meetings during which it votes on changes to the rules. Study your master deed, your...
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...
When an HOA looks at revising its subdivision covenants (sometimes called CCRs, declaration, restrictions, restrictive covenants, master deed, or indenture), the board and its attorney generally find a paragraph toward the end of the covenants that requires that the owners of amajorityof lots–or...
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 ...
The HOA may choose to incorporate the features of the articles of incorporation into the bylaws, or the HOA may create and adopt the articles as a new and independent document. 3 Draft your HOA's declaration of covenants, conditions, and restrictions. An HOA declaration is a separate document...
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 ...