Who regulates HOAs in Washington state?
the federal government
Federal HOA Laws – In addition to state law regulations, the federal government has laws that govern the operation and management of common interest communities, condominiums, cooperatives, and residential properties in Washington. Horizontal Property Regimes Act (Condominiums), Wash. Rev. Code ยงยง 64.32.
How do I get rid of my HOA in Washington state?
Call an association meeting and ask for a vote on dissolving the HOA. If approved, have the agreeing members sign the termination agreement. Settle any debts, dispose of assets belonging to the HOA, and file the necessary documentation with the SOS to complete the dissolution.
What legal authority do HOAs have?
However, generally speaking, HOAs will have the legal authority to create and enforce community policies, such as whether smoking, pets, or rentals are allowed in the building. Also, HOAs will decide on budgets for the building and will have the authority to charge monthly or one-time fees to their members.
Are HOAs legal entities?
A homeowners association (HOA) is a legal entity that governs a community of homes, including subdivisions, condominiums, townhomes, or planned community. HOAs operate within state statutes to enforce regulations and collect assessments from homeowners, while also taking care of maintenance repairs of common areas.
Can a community get rid of an HOA?
In many jurisdictions, depending on applicable state law, the standard rule is that 80 percent of the members of the community must vote in favor of dissolving the HOA. This is typically the case, unless the HOA documents state otherwise or provide for a different rule.
Are HOAs really that bad?
HOAs aren’t all bad. While they restrict you from doing certain things, they also restrict your neighbors from doing the same things. If you can’t stand living in a neighborhood with boats, RVs and trash cans in sight of the road, an HOA may be perfect for you!