Have you checked out the HOA’s bylaws lately?

Have you checked out the HOA’s bylaws lately? If not, now’s a great time to brush up on the do’s and don’ts of the community.

For those of you who were unaware, bylaws play a crucial role in keeping the association running smoothly. Bylaws are legally binding rules and regulations that each homeowner agrees to when he or she purchases a unit within the association. If owners rent out their homes, it’s the owner’s responsibility to inform the new residents of the bylaws as well. Bylaws include stipulations on assessments, building design and additions, and the governance of the association. All residents need to understand these bylaws so they don’t unintentionally violate them; owners can be fined by the association and—in extreme cases—sued for violating bylaws. Owners are empowered when they understand the bylaws and the procedures for changing or amending them when they are no longer applicable or relevant to the community.

       

While they may seem arbitrary, the bylaws are legally enforceable. They also help ensure the association as a whole can thrive and that members are treated fairly and equally. So don’t be left in the dark—check out the association’s bylaws today!