HOA/Condo/Coop Rules
This is a
required item.
Select all that apply.
Select the items that best describe the rules or
guidelines of the Condominium or Home Owners
Association. This section applies to properties in a
condominium ownership, cooperative ownership, or
homes in neighborhoods governed by a home owners
association. Prior to settlement you will be
required to provide your Association documents to
the prospective buyer or buyer’s representative.
Your Association may require a fee for the
preparation of these documents, not to exceed
$100.00. If the property is not subject to the
restrictions select None.
Condominium
- Individual units in a building or
development in which owners hold title to the
interior space while common areas such as parking
lots, community rooms and recreational areas are
owned by all the residents.
Cooperative - A project in which a corporation
holds title and sells shares representing individual
units to buyers who then receive a proprietary lease
as their title.
Homeowners Association - A group that governs a
modern subdivision or planned community. An
association collects monthly fees from all owners to
pay for maintenance of common areas, handle legal
and safety issues, and enforce the covenants,
conditions and restrictions set by the developer.