On top of the homeowners’ fees being increased, your homeowners association at times is able to tell you what you can and cannot do on your property, whether it’s a home or condo. Often times they are authorized by declaration to adopt bylaws or other rules and regulations which can govern your conduct. Such governing will restrict your ability to use your property, including renting your home or unit out to others. So before purchasing a home or condo it is advised once again to read carefully all the rules governing the projects and if you have any questions you should consult an attorney.
If for any reason you have a problem with the association’s rules whether you own a home or a condo they will often time have to be resolved in court. Rules at that point may be upheld by the courts if they are considered to be reasonable. In other cases you don’t have to take it to the court system. Some rules can often be changed by approval by the members of the association or its executive board. Each homeowner at this point is entitled to vote towards the change and they will be apart of the final decision.
These are just a few of the many similarities you will find between homes and condos when dealing with the homeowner’s association. The most key element to both situations is to be aware of what you’re getting yourself into before you sign anything. Read your documents carefully and be sure that you always have them on hand as they will provide you with that facts when you may need them most.