HOA governing documents are public record in Washington. An HOA must record its governing documents with the county land records to be enforceable.
Yes, homeowners associations in Nevada can be dissolved. The procedure for dissolving the association may be outlined in the HOA's governing documents, or the board of directors has to approve a motion that will be presented to the members of the organization for a vote.
The HOA is not allowed to trespass unto private property unless (a) the HOA has an easement to that property, (b) the HOA has been allowed by the owner to do this, or (c) the covenants associated with deed allow this, but this would normally be in the form of an easement anyhow.
Yes, generally speaking. Some HOAs may allow voluntary participation but there are usually amenities or other neighborhood features they'll lose access to by doing that. One way to get around an HOA is to already own your property before the HOA is established or expands to your neighborhood.
HOAs may ask homeowners to do something or keep you from doing something not officially covered in the CC&Rs. In such cases, homeowners may want to take legal action against the HOA by filing a lawsuit.
Many HOAs maintain a website where governing documents are posted. To find HOA rules and regulations online: Navigate to the HOA's official website. Look for sections labeled “Documents,” “Governing Documents,” or “Rules and Regulations.”
Once you buy a home that's part of an HOA, you automatically become a member of the HOA. HOA rules are legally binding, and you must adhere to all rules and regulations in the governing document. Yes, there are bylaws that you may not like, but there are no HOA loopholes.
It's calculated by dividing total equity by total assets. While there's no universal “good” ratio, many experts suggest that a healthy HOA should aim for an equity ratio of at least 20-30%. This indicates the association has sufficient assets to cover its liabilities and maintain a financial cushion.
Homeowners often ask whether local laws supersede the rules and regulations set forth by their homeowner association (HOA). The short answer is yes, local laws do supersede HOA rules.