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Feldsott Lee Pagano & Canfield
Orange County Homeowners Association Law Firm

Get information on homeowners' association boards before buying

Buyers may be able to choose among thousands of housing communities and condominiums here in California when they look to purchase a home. Many of the options come with homeowners' association boards who administer and enforce the rules and regulations of the community chosen. Before agreeing to make a purchase, it may be a good idea to get as much information as possible regarding the HOA and the board.

The seller could be a good source of information. He or she can provide a potential buyer with the HOA's rules and CC&Rs (covenants, conditions and restrictions) that govern the community. The seller may also be able to provide information regarding (at least) the current cost for dues.

As a prospective buyer wanders through a building or community, some of the benefits of the HOA may be apparent. There could be a pool, a gym or a clubhouse. In some housing communities, there could be a golf course. This may attract certain buyers to the neighborhood, but without first understanding the potential costs of those amenities, along with the restrictions the board can place on the use of the home, those amenities may not be worth the price.

As part of any residential real estate transaction, potential buyers may want to scrutinize the HOA rules and CC&Rs and see what information can be discovered regarding the homeowners' association boards that go with them. Understanding the documents that will -- at least to some extent -- determine how buyers will be able to live in their homes could be a significantly important deciding factor in whether to buy a certain property. Having the assistance of a California attorney in reviewing the relevant documentation could help make that decision.

Source: bankrate.com, "What Is a Homeowners Association?", Rachel Witkowski, Dec. 22, 2017

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