Homeowner Associations Laws Change
Homeowner Associations Laws Change effective January 1, 2014 on properties in San Mateo County. Some changes are to the homeowner’s advantage and other changes to the laws helps the Homeowner Associations (HOA). Read the 6 new changes to the law below.
1.The HOA’s can amend conditions, covenants and restrictions (CC&R’s) without membership vote to change the code sections cited in the CC&R’s to the new numbering system. (cc4235=ab805).
2. A board MAY GRANT EXCLUSIVE USE OF COMMON AREA RIGHTS to a member to:
Accommodate a disability
Assign parking or storage
To comply with any law without being bound with their requirement of a two-thirds membership vote. (cc4600)
3. The HOA is not required to pay for a homeowner’s temporary housing if a homeowner is not able to occupy their property due to common area repair or maintenance. (cc4775(B)
4. Homeowner Associations must keep voting ballots for twelve months after an election. (cc5125)
5. New Annual budget report which combines various financial disclosures already required. (cc5310)
6. The due process requirements required for HOA’s for disciplinary hearings must also be used for imposition of financial reimbursement assessments.
This means homeowners associations now are bound by mandatory requirement to give advance written notice who may attend the hearing to present their argument and the hearings are held in closed session.(cc5855)
Note: The following information provided by attorney Herman Thordsen (Lendinglaw.com) who is a lender for properties for sale in San Mateo Counties.Tags: buy, cheap homes, cliff, cliffnotesonrealestate.com, condo, emerald hills, Foreclosure, home, House, housing, keith, mls, Real Estate, Redwood City, Redwood Shores, san carlos homes for sale, san mateo, san mateo county, sell, sfbayhomes.com, Short Sale, Today Sotheby's