HOA Documents
A package of documents from the homeowners association including CC&Rs, bylaws, financial statements, meeting minutes, and any pending special assessments.
When Its Used
Ordered upon opening escrow for properties in common interest developments. Must be delivered to buyer, who has a 3-5 day review period.
Key Sections
CC&Rs (Covenants, Conditions & Restrictions); Bylaws; Budget and financial statements; Reserve study; Meeting minutes; Pending litigation; Special assessments
Common Mistakes
Not ordering promptly; Buyer not reading the documents; Missing the review period deadline; Not identifying special assessments or litigation
Pro Tip
Order HOA docs immediately upon opening escrow. Review for rental restrictions, pet policies, and pending special assessments. Check for any litigation that could increase dues.
