More than one-quarter of the U.S. population now resides in homes that are part of a homeowners' association (HOA). This popularity is attributed to the many benefits these neighborhoods offer.
Living or renting in gated communities provides security. Amenities and community rules ensure a higher standard of living. This all contributes to better home value retention.
HOAs usually have rules regarding rentals and renters. These can vary depending on the neighborhood.
This article covers standards and tips for rentals in an HOA community. Keep reading to learn more.
What Is an HOA?
An HOA is an organization that governs a neighborhood or condominium complex. They make and enforce rules for properties and residents.
People who purchase property in such neighborhoods automatically become members of the HOA, which is usually run by a board. Residents pay dues, also known as HOA "fees" or "assessments."
With these funds, HOAs maintain communal areas, including grounds and buildings. Funds may also go toward the upkeep of amenities, such as swimming pools, tennis courts, or gyms. HOA fees are also used to purchase insurance and make community improvement projects.
What Are Some Common HOA Tenant Rules?
Homeowners' associations can decide what standards pertain to rental units in their community. In fact, they can have no additional rules, if they choose. There are some common HOA rental policies that you are likely to see.
One is a cap on the percentage or number of units that can be rented in an HOA community. Sometimes, if it is a new rule, the HOA will grandfather in existing rental properties.
Next, the HOA may require a minimal lease term. Property owners can have longer leases if they choose, but the reasoning behind this is to limit renter turnover.
HOA Tenant Tips
Most importantly, renters in HOA neighborhoods should familiarize themselves with community standards. If they violate these rules, they can expect to be subject to the same penalties as property owners.
They could be banned from amenities for bad behavior or receive fines for failing to keep up with their lawn. Landlords should keep in mind that, depending on the nature of the infraction, they too could be penalized. It also is important that renters know that they are responsible for their guests' behavior.
If there are violations, the best thing a tenant can do is reach out to their landlord first (instead of the HOA), especially if there is a dispute. This keeps the property owner in the loop and gives them the chance to help resolve the issue.
While not mandatory, tenants should consider attending HOA meetings. This will keep them informed of any changes to community standards. It also will help them get to know their neighbors and become a more integral part of the community.
Learn More About Standards for Rentals in an HOA Community
We hope you found this information on rentals in an HOA community helpful. It is important to understand Houston HOA guidelines and ensure that you abide by them. It will ensure that you keep enjoying all the benefits of living in an HOA community.
PMI Bayou City is a comprehensive property management company serving Houston and the surrounding areas. We provide a variety of services, including property management in HOA neighborhoods. Reach out to us today to schedule a free consultation.
