When you purchase a condominium in a particular complex or building you will have to follow by that building’s rules and association but many people don’t understand a lot of the rules and the rulebook that comes with the purchase of a condo can be several inches thick. If you’re really concerned about what’s in the covenants and conditions it may be best to sit down with a lawyer and have them go over anything that might be a red flag or problems in the future that might pop up. Each building has its own covenants, restrictions and conditions also known as CC&Rs. This must be given to a potential buyer before they sign the papers on purchasing a condominium.
As a potential homeowner, you need to make sure that you agree with everything that the homeowners association has set up. Typically there is a management system, a board that makes up the rules or assigns people to make up more rules or alleviate the rules and answers questions for homeowners.
A funny little quip I just read the other day said that 10 things a homeowners association won’t tell you such as their more secretive than the CIA, if there’s any doubt they will open up a lawsuit, you won’t be able to sell the property when you want to, we’re poorer than we look, we make up rules as we go along, we’re incredibly petty and we can’t wait to get our hands on your money or even your home. However, this is not quite the case with all homeowners association but it is something to be aware of. Homeowners associations can get pretty petty and strict depending on the rules but you, as a homeowner have rules and rights as well. As long as you maintain those rules and make the association stick to them as well you should be in good standing.
Rules will govern things such as the type of pets you can or cannot have, with you can attach anything to the outside of your condo such as a satellite dish, noise level and homeowner repairs or renovations. Most of the time homeowners Association handles resident behavior, architecture and common responsibilities. They can enforce the community rules but it’s also important to know what you can do if you don’t follow them.
If you don’t like the rules, you can go before the board and ask to change them but you might need a majority vote of everyone in the building in order to get things passed. These usually don’t happen quickly either as boards only meet a few times a year. Being on the board will definitely get things handled a lot quicker.
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If you plan on being on the board the rewards can be very beneficial. You may find that some worlds you didn’t support may have merit after all.
For more information on homeowners associations in Panama City Beach Florida please contact our office today or if you’re looking for a building that has particular rules or allowances give us a call and we’d be happy to send you a list of qualified properties.
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