HOA Disclosures

When you purchase a home in a community with an association (also called a Common Interest Community) you are agreeing to abide by the rules and regulations of the community. In order to know what you are agreeing to, by law you must receive a number of documents including the ones listed below:

• Declaration of Restrictions (CC&Rs)
• Association Bylaws
• Rules and Regulations of the Association
• Statement of monthly assessments for common expenses and any unpaid assessments (Included in the certificate prepared by the Association)
• Current operating budget
• Current financial statement of the Association, including a summary of the reserves study
• Statement of any unsatisfied judgments and the status of any pending legal action against the Association or relating to the Common Interest Community of which the Seller has actual knowledge (Included in the certificate prepared by the Association)

A required part of the closing process is your acknowledging receipt of these documents and agreeing to abide by the association rues and regulations. The document you must sign and where you must sign is illustrated below:

Here is a copy of the document. Please contact me if you have any questions on this document or any thing else.

Contact me if you are considering buying or selling Las Vegas real estate. You will be glad you did.

...Eric

Eric Fernwood
RE/MAX CENTRAL
8400 W. Sahara Ave
Las Vegas NV 89117
Email: EricFernwood@gmail.com
Website: www.EricFernwood.com
Investment Blog: Blog
YouTube Channel: YouTube Channel
Cell: 702-358-8884
Fax: 702-202-2020

© 2010, 2011 Eric Fernwood. All rights reserved.