EP VLOG 26 - What Are Covenants, Conditions & Restrictions (CC&Rs) in HOAs?

Описание к видео EP VLOG 26 - What Are Covenants, Conditions & Restrictions (CC&Rs) in HOAs?

If you live in a community with a homeowners' association, you must comply with the rules set out in the Declaration of Covenants, Conditions, and Restrictions.

If you buy a home, like a single-family home, in a planned, covenanted community, you'll most likely be part of a homeowners' association (HOA). The rules of the HOA community are described in the Declaration of Covenants, Conditions, and Restrictions, also called "CC&Rs." The goal of CC&Rs in real estate is to protect, preserve, and enhance property values in the community.

Most of the time, the rules make sense and are easy to accept; it's pretty easy to agree with a covenant that requires you to mow your lawn and keep it weed-free. But other rules might interfere with your plans or seem unreasonable to you.

Perhaps you want to park your car in the street and turn your garage into a home office. The HOA might require you to keep your car in the garage or restrict what you can do with the garage space. Maybe you want to put up a fence around your yard. After reading the CC&Rs, you find the community doesn't allow fences.

If you violate the CC&Rs, you could face various penalties, including fines.

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