Thursday, September 1, 2011

Restrictions on HOAs

In the last legislative session, there were several bills passed which limit the powers of HOAs (homeowner's associations). We'll cover specifics in future posts, but in general the new limits to HOA power are as follows:



  1. Apply payments to actual dues before fines and attorney fees;


  2. Improve voting rights for residents;


  3. Mandate more transparency and access to meeting minutes;


  4. Make it harder for HOAs to foreclose;


  5. Narrow HOAs' rights to prohibit religious displays, flags, and solar panels.

These changes give homeowners and residents more flexibility in the use and enjoyment of their own property. Good idea.



Thinking of buying or selling a home? Call on the Grove Team today to schedule your appointment with a real estate professional today! Contact us at the office, (817) 337-0000 or find us online, www.groveteam.com.

No comments:

Post a Comment