What is a Homeowners Association Law?
Homeowners Association Law is relative to the enforcement and creation of organizations and their rules that manage community associations related to maintaining the association’s value and appearance. Most homeowners associations and condominiums consist of a typical association of members selected and voted for on the Board of Directors. Membership in the association is mandated upon the purchase of your real estate situated inside the association. State laws, organizational rules, and local bylaws all relate to the management of the community.
The majority of homeowners associations and condos are non-profit corporations formed by a real estate developer to manage, market, and sell lots and homes in a residential subdivision. After reaching a certain sales threshold, the developer gives up control of the association to the members. Generally, the association is formed by filing certain documents in the state’s public records and the county in which the association is located. The state oversight of homeowner associations is usually minimal, but this trend is changing, and associations are becoming increasingly regulated by the government.