Creating Lasting Communities For Homeowners. Let Our Law Firm Assist You With Establishing Your Homeowner’s Association.
In connection with our real estate development practice, our firm often assists in the formation of homeowner’s associations. We can assist in the formation of the non-profit association and the creation of its governing documents such as the Declaration of Covenants, Restrictive Covenants, and Bylaws. We also work closely with the local municipal entity to insure the HOA and its governing documents comply with site plan approvals and municipal requirements such as storm-water regulations.
There are several important benefits to living in a development governed by a strong and committed homeowners association. The most significant is the proven track record homeowners associations have in maintaining (and often enhancing) property values. Developments with homeowners associations better protect property values because the associations provide some critical benefits to residents that they normally would not be able to obtain on their own. First, the association provides greater certainty that the community will remain physically attractive over time by imposing, and privately enforcing through fines and assessments, rules on architecture, landscaping, accessory buildings, fences, signs, and related matters. Second, associations often provide recreational amenities for residents that many residents and potential purchasers may not be able to afford on their own. Third, the association provides a variety of services to residents, including maintaining common areas and managing the development’s recreational facilities. The benefits provided by your association hinge on the strength of its governing documents.
If you need assistance forming a strong homeowners association or questions about your particular association governing documents please feel free to contact us at (919) 871-0022 or fill out the contact form to schedule a consultation.