Home owners assoc

Date: 2018-04-02 03:44 pm (UTC)
texxgadget: (Default)
From: [personal profile] texxgadget
Theres an interesting quirk in the law.

If the neighborhood association ever passed into non being, and original covenants
are null & void, even if the neighborhood association was revived.

If its a development built after the mid 70s, it probably has CC&Rs on it.
The job of the neighborhood association is to keep values up until the developers & bank get their money out of it.

In a lot of cases, tracing the history of the Homeowners Assoc, you will find that its existence lapsed for short periods of time in the past.
The first time its existence lapses, the CC&Rs become void.

Doublecheck this with a lawyer!
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markc1957

August 2023

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