You don't just sign a contract with the HOA because most HOAs are not voluntary. There are some voluntary HOAs because they provide community amenities and you get access to those amenities when you join the HOA and possibly agree to some other restrictive covenants as well. Most HOAs you never even have to sign a contract it is written into the deed of your property that you are required to be a part of the HOA. In order to own the property you automatically are a member of the HOA and subject to all of it regulations.
The contract is part of closing. Like you said, it’s part of the deed. These cases the community was built by builders for the HOA to manage. In this case, the deed you sign for your house is the contract for HOA. This isn’t Fannie Mae, or Freddie Mac, or FHSA, or any government sponsored thing. It’s pure greed and privilege.
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You don't just sign a contract with the HOA because most HOAs are not voluntary. There are some voluntary HOAs because they provide community amenities and you get access to those amenities when you join the HOA and possibly agree to some other restrictive covenants as well. Most HOAs you never even have to sign a contract it is written into the deed of your property that you are required to be a part of the HOA. In order to own the property you automatically are a member of the HOA and subject to all of it regulations.
The contract is part of closing. Like you said, it’s part of the deed. These cases the community was built by builders for the HOA to manage. In this case, the deed you sign for your house is the contract for HOA. This isn’t Fannie Mae, or Freddie Mac, or FHSA, or any government sponsored thing. It’s pure greed and privilege.
It's voluntary in the sense that you don't have to buy a house.