Bylaws and CC&Rs Flashcards
What does CC&Rs stand for?
Covenants, Conditions, and Restrictions
What is a CC&R?
Legal document that lays out the guidelines for the planned community. (Basically rules of the neighborhood)
Are CC&R’s legally binding?
YES
Where can you find CC&R’s?
County records in the county where they property is located.
What are the goals of the CC&R?
Protect, preserve, and enhance property values in the community.
What are some examples of things a CC&R can regulate?
Basketball hoops, fences, dog breeds, paint colors of the home, parking car in the garage, ect.
The CC&Rs cover the BLANK of the HOA, the bylaws cover the BLANK
CC&R = What | Bylaws = How
What is an HOA?
Nonprofit corporation organized to establish and manage a private, planned community.
How is HOA Governed?
Set of rules set by board of directors who are elected by the members.
What are the rules of an HOA called
Bylaws.
What are bylaws?
Govern how the HOA operates and contain the information needed to run the HOA as a business.