When you purchase real estate within a community under a homeowners association, you may reap the benefits from the rules and regulations. Still, if you break those rules, you can also face consequences. The HOA can put a lien on your property if you repeatedly violate the rules.
In addition, the police can enforce HOA rules and so it helps to understand the most common violations.
Renting out property
If you purchase a property with the intention of renting it to tenants, you have to review your HOA’s regulations before considering it. Many HOAs have rules about subletting homes. Not only do HOAs have to ensure the safety of the community, but they also pay insurance fees dependent on the percentage of renters versus owners. HOAs typically require you to have written permission to rent out your home.
Parking and owned vehicles
HOAs are responsible for how the community looks. This means that you may not be able to have over a certain number of vehicles parked outside of your home or parked on the property. The HOA can also enforce the types of vehicles you can keep on your property. For instance, the HOA may restrict boats, RVs or commercial vehicles.
When you join a community with an HOA, you pay fees and agree to follow the HOA’s rules. In many cases, as long as you follow the rules, you can benefit from protection, maintenance and property preservation. By default, buying property within an HOA makes your membership mandatory.