4/20/2024 0 Comments Hoa enforcing covenants![]() ![]() Some of the property value of your home has to do with its surroundings and atmosphere. In Colorado, we follow the Colorado Common Interest Ownership Act, which regulates all associations in the state.” The most common rules in an HOA “Each state has statewide rules they have to follow. “Usually the original set of rules for the HOA will come from the developer for the community,” says Krista Baker, a certified Community Association Manager with Advanced Management of Colorado. Many real estate agents recommend you read the CC&Rs to understand the responsibilities of owning a home within a specific HOA before you close on your new house. You’ll usually have a chance to review your HOA documentation as a homebuyer when you go under contract for a property. This set of documents also outlines how the HOA enforces its rules. In addition to that, you can find information about the liability and insurance needs the community has, the exact description of all community areas and amenities, and so on. ![]() There will also be a section outlining the ways in which homeowners can volunteer their time to work with the HOA, down to electing area representatives and board members. There will be a section regarding how the fees and dues they collect are used. Within these documents, you will find other information about how your neighborhood runs. Basically, the clean and attractive look and feel that first charmed you comes from a set of predetermined rules that were set in place when the community was first built by a developer. These rules provide guidelines around everything from pets, fences, basketball hoops, and paint colors to garbage cans or whether your home can be used as a vacation rental. Your HOA has a set of rules outlined in documents called CC&Rs, or covenants, conditions and restrictions, which were created when the HOA was originally formed. We talked to experts to get you some answers! Source: (Helena Lopes / Unsplash) Time to do some reading In 2020, a vast majority (94%) of homeowners feel their association’s rules protect and enhance property values, according to the Foundation for Community Association Research.Īs a current or future homeowner, you might be curious about how an HOA can enforce its rules, and what it means for (potentially) you. If you live in the United States and own a newer home, then you’re probably part of the 73.9 million Americans who live in a community association or planned community. When most homeowners are following their HOA’s rules, it can benefit the entire neighborhood - but what happens when one or two neighbors decide the rules don’t apply to them? What does the HOA do in a situation where someone is breaking the rules, and how can HOAs enforce rules they’ve outlined? ![]()
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