Read fine print before buying into community

Rules and regulations can be confusing

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Jun. 25, 2010

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Rules and regulations can be confusing

Steve Bergsman
Inman News

Here's the underlying problem when people move for the first time into a condominium, cooperative or even a homeowners association community: They never read the fine print. Heck, they never read any of the paperwork!

And they often end up confused and angry about what is expected of them and what limits are applied to the lifestyle.

It's not that folks are lazy, but there is so much paperwork, why bother? When you enter into what is collectively called a shared ownership community, or SOC, you are given all sorts of documents, including declarations, covenants, conditions, restrictions, articles and bylaws.

You move into your dream condominium by the sea and expect a continuation of the American Dream.

This is your castle and you can do what you want -- until you discover that your flat-screen TV with surround-sound is 10 decibels louder than your neighbor can tolerate, the smell of your cigar bothers the people living above you, the floor that you just had installed has to be ripped up because it didn't meet architectural restrictions, and a special assessment is going to cost you thousands. You're pissed off, and you are not going to take it anymore ...

Well, you usually do put up with it unless you want to move away, which could mean bumping into a whole lot more condo rules that you weren't aware of.

For all of you who've become disgruntled, perplexed, threatened or disappointed in your shared ownership community lifestyle, Gary Poliakoff and his son, Ryan Poliakoff, wrote a book for you: "New Neighborhoods: The Consumer's Guide to Condominium, Co-op, and HOA Living."

A slight nod to son Ryan, who according to the book jacket is president of a condominium property in South Florida, but this book is really the handiwork of father Gary, an attorney, who after almost four decades in the SOC legal trenches has become one of the foremost authorities on community association law.

"When I entered the field, there were no statutory laws, very few appellate decisions and no real guidance in regard to the rules and regulations that would apply to SOCs," he tells me from his home in South Florida.

Now, the law books are so thick with rulings that one could write a book just on the subject of condominiums. Oh yeah, that book has already been written by Gary, and it's called "The Law of Condominium Operations."

Going back 45 years, just about the time when Gary was still an undergraduate at the University of South Carolina, there were only about 1,000 SOCs in the U.S. Now, there are 300,000 SOC associations.

That's nearly four times the number of municipal governments, and they are responsible for maintaining and operating homes that are occupied by 24 million families and 60 million individuals, and have a collective value of $4 trillion.

These 300,000 associations garner $41 billion in assessments, and if a poll of homeowners were taken today I'd bet not one of those dollars would be deemed wisely spent.

Today, SOC residents are often dismayed and disgruntled, which is why Gary and Ryan wrote "New Neighborhoods" -- common folk who own SOC properties need some common-folk guidance.

"We wrote this book because there was no comparable book like it anywhere in the nation," Gary explains. "The few books that were out there, including my own, were really desktop legal manuals or legal books written for lawyers."

New Neighborhoods is different in that it is written for a lay audience, in conversational language.

"When we wrote it, we wanted to create a book that would be to shared ownership communities as 'Robert's Rules of Order' is to parliamentary procedure," Gary exclaims.

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