Moving into a new home is an exciting prospect, but this is a serious legal and financial transaction, and careful consideration is key before moving forward. If you are considering an offer on a home in a Florida community with a homeowner’s association, you will find it beneficial to fully understand how that could impact your life in your new home. Failure to consider the HOA and its authority could lead to misunderstandings and complications.
A homeowners’ association has the authority to oversee and enforce certain things, but there are limits to what it can and cannot do. Before you move in, it is in your interests to read the terms of any contract carefully, ensuring that you fully understand the rights and responsibilities of each party. Knowing these things can help you protect your interests in the event of a dispute with your HOA.
What you need to know
Before you sign a contract that commits you to the terms set forth by your HOA, it is important to first do your due diligence. A full understanding may help you avoid potentially costly complications and fines. Some of the most important facts about living in an HOA community include:
- You will have to pay fees at certain times of the year. These fees go toward the maintenance of common areas and more.
- The HOA may have a say over exterior details of your home, including paint colors, your mailbox design and the neatness of your lawn.
- If you violate the terms of the agreement you signed with your HOA, it could lead to fines and penalties.
While there could be a downside to living in a community with an HOA, there could also be some benefits. You will have the opportunity to take an active role by attending HOA meetings, and you may feel confident that the rules of your community help protect your home value.
In the event of a dispute
It is possible that an HOA will overstep the boundaries of its authority, violating the property rights of the homeowner. If this happens to you, it could be in your interests to seek a legal resolution to your concerns if other methods have failed. Legal action may help you preserve your rights and confront unfair and illegal actions taken by your HOA.