It is a good idea for all residents to be familiar with the documents because they include information on assessments, property rules, and other resident responsibilities. Sellers or their agents must provide governing documents to buyers as part of the contract to purchase. Some common governing documents include:
Articles of Incorporation – A short document filed with the state that establishes the HOA as a non-profit organization and defines its legal name, address, and corporate status. It also defines some of the association’s functions.
Bylaws – Govern the HOA’s corporate entity, setting guidelines for the board of directors, such as term limits, meeting requirements, and officer positions.
Declaration of Covenants and Restrictions (CC&Rs) – Establish the rules under which the HOA exists and functions, and state the owners’ rights and restrictions on the use of common property. It also states the owners’ obligations to participate in governing and funding the HOA.
Plat Map – Also known as a subdivision map, this legal document illustrates the boundaries, lots, and common areas within the community association. It provides a graphical representation of the neighborhood’s physical layout and serves as a reference for property boundaries and other relevant details.
Other common governing documents include rules and regulations, operating budget, and reserve study.
Please do not hesitate to contact Liz Welch at liz@synergisticcam.com or call 813-940-8588 for additional information or questions.
