A Home Owner's Association is an organization established by a community to govern the rules of that community. An HOA is a beneficial organization for people with shared neighborhood values. The HOA determines rules regarding what homeowners can and cannot do in their homes and how money is spent on shared property. Homeowner's association establishes covenants, conditions, and restrictions (CC&R). CC&R generally have rules that govern what a homeowner can or cannot do. For example, a CC&R may contain rules regarding the number of people that may occupy a house or the colors one can paint the house.
A Home Owners Association is very much like a small corporation - it needs to be well managed with clear rules and regulations to ensure the best possible experience for all involved. Like a corporation, a HOA has several powers including providing services to its community, regulating activities, and imposing fines. Similarly, HOA boards can appoint officers and create committees. We can draw up initial charters, contracts, and help settle disputes before they arise. At Jorgensen, Brownell & Pepin, our real estate attorneys can advise you on the formation, collection, and management issues surrounding a HOA. |
