HOA Tips: Beginners Guide to Home Owners Boards & Responsibilities
Community associations and HOA board members need strong leadership skills for operations to run smoothly. Homeowners vote for the individuals that will lead their association and make decisions on a day-to-day basis. However, if you have never been part of a homeowners’ association, you may not know what the duties entail. Here are some Los Angeles HOA consulting tips that can help you understand the role the HOA plays in your community.
What is HOA?
When you purchase or lease property in a planned development or gated community, there are monthly fees that must be paid to the HOA while you reside there. All residents must contribute equally to repair and maintain the development’s building(s) and common area such as clubhouses, swimming pools, security gates, roofing and fitness rooms. Typically, the more amenities the development has, the higher the HOA fees. The goal is to maintain the quality of life for residents and protect property values throughout the community.
Covenants, Conditions and Restrictions
These are the rules in addition to city ordinances and restrictions that all residents must follow. The CC&Rs can cover everything from whether you can have a satellite dish installed on the side of the building to whether pets are allowed. These rules can impact your rights as a homeowner. Make sure you know what the HOA guidelines are before you sign the paperwork and move in. They may be available online or through Los Angeles realtors.
Ensure Compliance
The rules include fines levied by the condo boards for units that are out of compliance with the CC&R. Items that may result in additional fees include a yard that is in disrepair, building changes that were not approved by the community, unauthorized solar panel installation, etc. Check the fine print for their environmental practices, from approved landscape styles and fertilizers to sprinkler systems.
Maser Condo Sales works with homeowner associations to update CC&R, rules and regulations. Contact us today for a free consult and receive recommendations on how to institute best practices to your financials and meetings.
