In your quest to locate the "perfect" home, you will likely encounter subdivisions and communities that have Homeowner Associations. Homeowner Associations (HOA's) are typically non-profit corporations and are recognized as such by the State of Arizona. The purpose of these corporations is to provide continuity and uniformity within a community and/or subdivision using CC&R's (Codes, Covenants & Restrictions).
CC&R's are the documented guidelines of the community. Codes, Covenants & Restrictions within a subdivision/community may include: parking restrictions, pet restrictions, and may limit the number of inhabitants within a particular home. Building color, landscaping design, common area rules and homeowner/association responsibilities are also addressed in most CC&R's.
You will receive a copy of the Codes, Covenants and Restrictions (CC&R's), if the home of your choice is located in a community governed by a Homeowner Association during the 10-day inspection period as provided in the Purchase Contract. You must read this document thoroughly to determine if any of the guidelines will interfere with your chosen lifestyle. You will be asked to "approve" your receipt of the CC&R's and acknowledge your intention to adhere to the guidelines as outlined in the document.
Homeowner Association (HOA) dues and/or fees are collected on a monthly, quarterly, semi-annual or annual basis. These dues/fees are not part of your monthly mortgage payment. They are in addition to it.