Too many terms and acronyms are thrown around and used interchangeably when folks are discussing homeowners' association documents. Sometimes when people are referring to the entire suite of homeowners' association documents, they will use the term CC&R, which stands for covenants, conditions, and restrictions. In fact, CC&Rs are just one part of the association's documentation. This article will distinguish CC&Rs from the other documents you need to know including articles of incorporation, bylaws, rules, and regulations, and financial documents.
Read MoreHomeowners' Association laws vary considerably from state to state. But the right of homeowners to inspect association documents is uniformly recognized. After all, as a homeowner, you are a member of the association, and the ultimate purpose of any association is to benefit homeowners. Just as the shareholders of a corporation have a right to know about the financial status, management, and assets of the business they own, so, too, do HOA members have a right to stay abreast of association budgets, expenditures, and financial transactions.
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