When crafting rules and regulations for a homeowners’ association or condominium association, you may wonder which regulations will protect the association. What rules and regulations should your association consider? Here are some tips to keep in mind:
Outline your policies for collecting dues, late fees and other funds.
The financial health of a homeowners’ association often relies on owners paying their dues, and many associations operate on a tight budget. An association’s rules and regulations should outline payment requirements and provide a clear list of penalties for those who do not pay their dues on time.
Rules for selling or renting property: keep associations informed.
If members sell their property or rent space to another person, it is essential that the association know this information. Requiring owners to notify the association helps ensure that new owners have the information that they need and helps protect the association if a renter does not follow the rules and regulations for common areas.
Association common areas should have clear guidelines.
Sharing common areas can be a challenge for some homeowners, and guidelines allow your association to clearly define appropriate and inappropriate uses of these areas. These guidelines can include the maximum amount of people that can be in a common area, hours during which the common areas are available and expectations for behavior and cleanup in these areas.
Pet policies can protect common areas but should be crafted with care.
Homeowners’ associations and condominium associations often include guidelines for pets, including the size of pets that the association allows, which common areas are pet-free and cleaning up after pets. However, it is also important that associations be aware of the legal requirements for service animals.
If your association is creating rules and regulations, it may be worthwhile to speak to an attorney about the association rules that could benefit your organization and the laws that may impact your association’s guidelines.