Ceres Gleann Homeowner Association
What is an HOA?
A homeowners association (HOA) is the legal entity created by a real estate developer for the purpose of developing, managing and selling a community of homes. It is given the authority to enforce the covenants, conditions, and restrictions (CC&Rs) and to manage the common amenities of the development. It allows the developer to legally exit responsibility of the community typically by transferring ownership of the association to the homeowners after selling off a predetermined number of lots.
Benefits of an HOA
An HOA provides people with shared values on the type of neighborhood they desire, an opportunity to enforce regulations consistent with overriding statutory constraints to achieve such a community. In doing this they inherently restrict the freedoms that would otherwise exist for its members based on municipal codes. For instance, a degree of conformity is required in exterior appearance of single family homes and there are often limits to noisy activities.
There are pre-existing rules in the form of CC&Rs and Bylaws that a buyer has a right to view before entering such a community, that also prescribe methods for modification of these regulations. Each member of a homeowners association pays assessments that are used to pay the expenses of the community. Some examples are landscaping for the common area, insurance for commonly-owned structures and areas, and mailing costs for newsletters or other correspondence.
What are CC&Rs?
The Declaration of Covenants, Conditions, and Restrictions (CC&Rs) are the governing documents of the Ceres Gleann Homeowners Association. The Declaration was filed by the developer of Ceres Gleann when the property was subdivided. This document gives the association its power and authority and is recorded against each lot. When you purchase a Lot, the CC&Rs are included with your deed and you agreed to be bound by the them. It is the guideline that all operations of the community follow. Among other things, the CC&Rs provide for architectural control of exterior changes to your home and lot, such as landscaping, fencing, painting, etc. It's extremely important that you read your CC&Rs. In order to assure the continued quality of your community, the Architectural Review Committee will process requests for changes.
What are Bylaws?
While the CC&Rs bestow the authority of the Homeowners Association, the Bylaws detail how that authority is to be administered. Specific guidelines regarding day-to-day operation and management of the Association, including the duties of the individual Board officers, the frequency of meetings and notification for them, how assessments must be calculated, when late fees take effect, and much more are covered by the Bylaws.