Home renting mage simple: Part V- H.O.A. Policy


Posted by admin | Posted in Uncategorized | Posted on 06-09-2009

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Let’s be honest here. Do you religiously pull in the garbage can by 5:00 PM the very next day without fail? Do you fawn over your lawn as if it were your child, ne’er a weed allowed in? And of course, always be sure that you’ve not parked your car on the street overnight?
If the answer was no, then you probably want to avoid a home with a Home Owner’s Association attached to it. Some of their rules can seem meticulous and silly, but regardless of your feelings on them, they are rules and there can be fines involved.
If the home you’re looking at has an HOA, ask if you can be given a copy of the rules, and how fees will be handled. Our own policy is to make the renter hire a yard person if three warning letters or fines about the front yard have been received, and the payment for the yard person comes out of the renter’s pocket. This is in the lease.
If you’re moving into an HOA, make sure you get a handle on all of the rules and understand them, then do your best to be a good neighbor and abide by these rules, as you’ve agreed to them.