E-RAE REALTY
  • HOME
  • BUY
  • SELL
  • INVEST
  • EXPLORE
  • BLOG
  • ABOUT
  • CONTACT
  • HOME
  • BUY
  • SELL
  • INVEST
  • EXPLORE
  • BLOG
  • ABOUT
  • CONTACT

New Laws Help Protect Texas Homeowners Against HOAs

9/28/2021

6 Comments

 
Picture
For many years I have heard horror stories from clients in regards to home owner’s associations.  Most frequently, it comes from individuals who are simply perplexed by the excessive fees such associations can charge for merely delivering required paperwork.  When you purchase a property that is located in a community with a home owner’s association (HOA) you need an official copy of the HOA documents and a resale certificate.  These documents tell you the rules for the community, what the HOA fees cover, the HOA’s financials, and if the seller is delinquent on any HOA dues.  Obviously, all of these things are important documents to look over if you are planning to purchase in the community.  However, the fees associations demand for such documents are sometimes downright highway robbery.

Passed earlier this year, Senate Bill 1588 helps mitigate these concerns.  Effective September 1st, HOAs are barred from charging inordinate fees for subdivision information statements and resale certificates.  The bill placed a cap of $375 on the cost for subdivision information statements, and limited HOAs to charging a max of $75 for a resale certificate.  This is a huge win, as I have seen HOAs charging thousands for these simple documents in the past.
​
In addition to setting caps on the amount HOAs can charge for these resale documents, the legislation also included a few other safeguards aimed at protecting Texans.  The bill does the following:


  • requires HOAs with at least 60 lots or a management company to maintain a website with HOA documents available to property owners
  • protects property owners from negative credit reporting in regards to HOA fee disputes
  • bars HOAs from prohibiting certain pool enclosures, religious displays, or home security features
  • requires HOAs to provide timely notice to members about upcoming meetings
  • requires HOAs to solicit multiple bids for jobs in excess of $50,000


While these changes are certainly appreciated among industry professionals and consumers, the new legislation has one major pitfall.  This legislation is wonderful for those residing in or purchasing a home in a community with a property owner’s association, but it does not protect anyone who lives in a condo association.  With the increasing costs of land in central Texas, more and more builders are creating single family homes that live and act like a house, but are technically condos.  These homeowners as well as traditional condo owners are still susceptible to exorbitant charges from condo associations.

Do you have questions about buying or selling in an area with a home owner’s association in the greater Austin area?  Contact me today.
6 Comments
metodo fanart link
6/27/2022 12:06:49 pm

our information is very interesting. Thank you for sharing
Either way keep up the excellent quality writing.
Thank you for wonderful inf?rmation I used to be searching for this info for my mission. ?’m not sure where you’re getting your info, but ?ood

Reply
real estate appointment setting service link
7/1/2022 10:18:52 am

This legislation is wonderful for those residing in or purchasing a home in a community with a property owner’s association, Thank you for the beautiful post!

Reply
PCS link
7/8/2022 11:27:03 am

Obviously all of these things are important documents to look over if you are planning to purchase in the community. Thank you for taking the time to write a great post!

Reply
PCS link
7/12/2022 10:59:19 am

This legislation is wonderful for those residing in or purchasing a home in a community with a property owner’s association, but it does not protect anyone who lives in a condo association. Thank you for sharing your great post!

Reply
live online chat service link
9/20/2022 11:15:35 am

These homeowners as well as traditional condo owners are still susceptible to exorbitant charges from condo associations. I truly appreciate your great post!

Reply
virtual assistant service link
9/22/2022 12:35:07 pm

With the increasing costs of land in central Texas, more and more builders are creating single family homes that live and act like a house, but are technically condos. Thank you for making this such an awesome post!

Reply



Leave a Reply.

    BLOG

    Sharing Austin real estate updates, home owner tips, & more.

    Archives

    February 2023
    November 2022
    September 2022
    June 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    September 2021
    August 2021
    July 2021
    June 2021
    March 2021
    January 2021
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    Categories

    All
    ADUs
    Attractions & Events
    Buying A Home
    Condos
    Design
    Development
    Home Maintenance
    Investments
    Lake Austin
    Market Updates
    Neighborhoods
    Selling
    Short Term Rentals
    Westlake

All information provided is deemed reliable, but is not guaranteed and should be independently verified. 
​Please Note:  Texas law requires licensed agents to provide this Information About Brokerage Services

​
Licensed agents are also required to provide:  Texas Real Estate Commission Consumer Protection Notice