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Short-term rentals (STRs), including properties listed on platforms like Airbnb and Vrbo, are transforming residential communities across the country. While they may provide income opportunities for homeowners, they can also create significant operational, legal, and financial challenges for community associations. For HOA board members, understanding how short-term rentals affect community associations is critical to protecting [...]

Three kinds of community associations exist, and it is important to know the differences between them when buying a home.  Each one has to do with a particular type of property ownership. The United States has more than 370,000 community associations. This means that 40 million American households live within a community association. Homeowner Association [...]

A community association derives its legal obligations from several sources: 1. Federal, state and local statutes, regulations and case law (court decisions) 2. Legal documents are unique to the community association 3. Lender requirements Example: requirements set by secondary mortgage and institutions such as FHA, Fannie Mae, Freddie Mac, etc. 4. Standards set by professional [...]