A very popular and common question for new condo associations is figuring out how to develop effective rules and regulations for the association. One thing that many associations do not realize is that the bylaws associated with the condo are not a full set of rules and regulations. In fact, many bylaws contain language that instructs the association board to set forth rules and regulations for how the condo association will operate.
Typically, the bylaws will specify how these rules and regulations are to be written. The main goal is to be detailed and to share information on how the association functions. The information contained in those rules and regulations should really touch upon a number of topics. For example, noise is a major issue that has to be dealt with in condos. There are often move in and move out procedures listed in the rules and regulations as well. You should have language that addresses alterations to the property, pet policies and issues around tenants and how they are to comply with the association when the owner is not living in the property.
At Chatel Real Estate, we have about 150 examples of different rules and regulations that we feel have been effective. A professional property management company with experience working with condo associations can be a great help and offer lots of guidance when it comes to establishing those rules.
The most important thing you can do is be specific. Outline the expectations you have and the consequences that will follow. For example, attaching fines to behavior that violates the bylaws or the rules and regulations is often necessary and effective. You also want to make sure that every property owner and tenant has a copy of those rules and regulations. Lots of associations charge a move in fee when a renter moves into the property. This is a very good idea, because it puts the tenant on high alert and it also gives them an opportunity to sign a copy of those rules and regulations so you know they were received.
This is a broad topic, and if you have any questions or you’d like information on how to write rules and regulations for your own condo association, please contact us at Chatel Real Estate.