If a home is part of a homeowners association, the HOA’s rules and finances become part of your purchase. This post is general information, not legal advice.
Documents to read
- Covenants, conditions, and restrictions (CC&Rs)
- Budget and recent financial statements
- Meeting minutes, which can reveal planned projects or disputes
- Rules on pets, parking, rentals, and exterior changes
Questions to ask
- What do monthly dues cover?
- Are any special assessments planned or recently charged?
- Does the association keep a healthy reserve fund?
Your agent can request the documents during your review period. For legal questions about the rules, consult a real estate attorney.
Looking at a home with an HOA? Reach out.
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