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What is a community association? A community association may have any number of Names, including homeowners association, property Owners association, condominium association, cooperative, Council of homeowners and common interest Development.

Community associations offer choices, lifestyles, amenities, services And efficiencies that people value. For many, a condominium or planned community can be the most affordable Way to own a home. Others are drawn to the architectural uniformity of the Neighborhood or the landscaping. Still others are attracted by recreational Amenities and social opportunities.

1. How much are the assessments, and when are Payments due?
2. What do the assessments cover?
3. What is not covered and, thus, what are your Individual responsibilities as a homeowner?
4. What procedures are in place to collect delinquent Assessments?
5. How often can assessments increase and by How much?
6. What is the annual budget and how does it Compare to similar communities?
7. Does the community have a viable reserve to fund Major, long-term maintenance and repairs?
8. Have special assessments been levied by the Association on homeowners? If so, for how much And for what purpose?
9. Are there restrictions on renting property?
10. Do the architectural guidelines suit your Preferences?
11. Is the community age-restricted? If so, what is the Policy on underage residents?
12. Are there simmering issues between homeowners And the elected board?
13. What are the rules with respect to pets, flags, outside Antennas, satellite dishes, clotheslines, fences, Patios, parking and home businesses?
14. Are board meetings open to all residents?

• Newly developed communities: Determine not only when but also how the Developer plans to transition control of the Community to homeowners.
• Resale: Consult a community association manager or Association officer to determine if there are Unresolved issues pertaining to that property, Delinquent assessments or unapproved Architectural changes, for example.
• Buying to rent: Examine the cc&rs with respect To regulations affecting rentals. Remember, it will be your Responsibility to educate your Renters and ensure they abide By the association’s rules.
• Condominium conversions: You need to be especially diligent To make sure you know exactly what You’re buying. Appearances can be Misleading. Old buildings are old buildings. A snappy, refurbished lobby does not Necessarily mean that the heating system, elevators And roof aren’t due for expensive overhauls.