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Importance of HOA and Why Do You Need to Consider it When Preparing a Contract

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By : Roby Hicks    99 or more times read
The Homeowners Association is an essential body necessary to maintain a certain planned development. All the residents in the developed neighborhood are obliged to become members. They have officers that facilitate the association. They are also responsible for creating and enforcing certain laws and regulations that govern the neighborhood.

HOAs have manuals and most of them have newsletters that guide the residents. These are necessary to maintain order in the neighborhood as well as the quality of living. Aside from that, it also helps protect the quality of the building, establishments and facilities in a certain community.

HOA rules vary. This is why you need to check the manual before you choose to live in a certain community. There are communities that do not allow pets that create loud noise. This may not be ideal for you if you have a lot of pets.

This does not only concern home buyers. Homeowners who plan to have their property rented should also keep this in mind. The HOA is extremely helpful when preparing the lease agreement. The owner can refer to the association’s rules and regulations to avoid conflict. Although this is the case, it is still best to have a lawyer who will review the contract as well as the items from the HOA rule book that shall be included in the contract. This is to ensure that the rules did not or will not violate any law concerning landlords and tenants.

If you refer to the association’s rules in preparing the contract, there will be no conflicts that might confuse your tenants. For example, the association limits the number of pets that a certain household can have. This is to limit the noise and problems that the neighborhood will have. However, you did not specify this in your contract. You will have a problem if your tenant has several dogs. Expect to receive complaints from your neighbors as well as from the officers of the HOA.

There are certain benefits of this. One of them is that you can explain to your tenants their responsibility towards the neighborhood. This is only right because they will also enjoy the facilities in the area. They can use the swimming pool, basketball court and park. Because of this, it is only proper that they contribute in taking care of it. This has to be clearly stipulated in the contract.

This will also prevent problems that may arise between your tenant and their neighbors. Since they are aware of the rules, they will follow it. Most neighborhoods are particular about the noise in the environment. If your tenants are aware of this, they will be more cautious of the noise they create. If your tenants fully understand the contract and follow it, they will not have any problems.

The HOA is very important because they help keep the neighborhood in order. This will also help protect the properties as well as the facilities and amenities. Refer to this when you create a contract to avoid conflicts and problems. This will also help set the expectations of your tenants too.
Consider the Gold Canyon, AZ Real Estate in your next purchase. Visit the Gold Canyon Gated Real Estate and the Gold Canyon AZ Pool Real Estate.

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