Know your rules, understand and comply with covenants and restrictions, by-laws and other rules and regulations
Know that you must pay your assessments on time. Do not ignore communications from your homeowner association, especially those notices that may regard outstanding assessments, rule violations or fines. The board has the responsibility to govern fairly and consistently in all the interest of the members, which include placing liens or foreclosing of non payment of assessments and fines. Don't let a minor fine escalate to the point that the association have to turn your account over to an attorney. A fifty dollar fine can easily lead to a five hundred to five thousand dollar fine. You must maintain your property according to the governing documents and rules.
Know that an architectural review application and approval is generally required before making improvements. This typically includes sheds, fences, pools, playground equipment and many more. This may include paint color, doors, landscaping, mailboxes and vehicle advertising.
Know that your association has certain responsibilities to the owners, in compliance with federal and state laws, fiduciary responsibility of the board members, elections, meeting notices, meetings, due process and much more defined in the covenant and restrictions. Stay informed and participate in the business of your homeowner association. This is critical if you are a member of a homeowner association but do not live in the community. Examples include rental property, second homes, homes used by children in college or retired parents and investment property.
Know that if your home is a rental property or occupied by others, ensure that the tenants/occupants understand that they must also comply with the covenant and restrictions.
Know who is in charge. Maintain contact information for an association representative. This may be an on-site employee, a management company, a board member or the builder/developer.
Dues frequency vary in different communities. They could be monthly, quarterly, semi-annual or annual.
You can be a board member being a resident. With conflict of interest you may not offer your business services to your community. Any questions feel free to contact me at 407 479-8583, Facebook Kevin Sells Florida and Kevin Selling Florida.