If I buy a house in a new sub-division and later on they come up with association fees and all kind of rules and regulations, am I obliged to comply?
2007-01-16 07:37:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It is not a condominium.
2007-01-16 07:39:02 · update #1
Depending on the situation it might be mandatory. For instance if it covers Snow removal, trash pick up or landscaping of 'commons' areas. I'd check to see why they have Association fee's to find out.
2007-01-16 07:48:14 · answer #1 · answered by Cogito Ergo Sum 2 · 1⤊ 0⤋
Yes,
even though you may own the property "fee simple".
They own common land, and have common regulations, and maintain certain areas - may have snow removal, grass cutting and other contractual obligations.
The fees also change from year to year, depending on what they do.
You can always serve on the Board - or committees to know what they're doing and to give them your advice to keep the costs as low as possible.
If you buy there - you accept all future rules and regulations also.
Otherwise, go elsewhere! Sometimes, they keep it up better than other areas for sale, and that's the reason to protect all the homeowners by this non-profit status by the Homeowners Association.
GOD bless us, always.
CPA-retired
MBA-Boston Univ.
2007-01-16 15:46:52 · answer #2 · answered by May I help You? 6 · 1⤊ 0⤋
I find it impossible to believe that you purchased a home, and had no prior knowledge that there was an assocation. That would have to be disclosed to you as the buyer.
If the assocation came about after you bought, you likely had ample opportunity to attend meetings, speak your mind, etc... And have ignored those chances.
Get a copy of the rules, regs and by-laws and bring them to a real estate attorney to review. That's the only way to know for sure if you are obligated or not. But my guess is, you bought the house, you should have known, you need to pay.
2007-01-16 16:01:15 · answer #3 · answered by Anonymous · 1⤊ 1⤋
It depends on what is "covered" in the association dues. If it is a condo type complex, the dues usually go towards upkeep and maintenance on the "common" areas, and it's mandatory. If it is in a single-family residential area, it is probably covering a beach or pool area, and in that case it shouldn't be mandatory.
2007-01-16 16:32:04 · answer #4 · answered by Justin 3 · 0⤊ 0⤋
No, you don't have to participate in the neighborhood association, but you won't be able to use the pool and/or tennis courts (if they have them).
2007-01-16 15:47:21 · answer #5 · answered by John Stamos 3 · 0⤊ 1⤋