Buyer's Homeowners' Association AdvisoryC.A.R. Form BHAA
1Intro. Civil Code 4525: sellers in a CID must give buyers the HOA's governing, financial and other documents. Review all of them; note anything missing. Also read the preliminary title report (deed restrictions, multiple HOAs).
Property: 1234 Example Lane, San Jose, CA 95100
21. CC&Rs — main governing document, recorded with the County, very hard to change.
32. Bylaws, Rules and Regulations — how the HOA is run; day-to-day rules for common areas.
43. Minutes of board meetings — litigation, repairs, dues changes, assessments. Often the best source.
54. Financial information. Budget, reserve summary, financial review, insurance. Reserves funded? Delinquencies? Visual inspection at least every 3 years. Independent review: about $300–$500.
64 (cont.) Wood balconies & stairs inspection report goes into reserve study. Special / emergency assessments: lump sum or monthly? The Purchase Agreement decides who pays: $6,000 · $250/mo
75. Rental restrictions. Caps, approvals, short-term bans. 2021 law: HOA must allow at least 25% of units to be rented. City rent/eviction rules too.
86. Lending. Lender certification, HOA master insurance, owner-occupancy %, FHA/VA approval. Loan type: FHA
97. Noise · 8. Common Areas · 9. Parking & Storage · 11. Special Needs — flooring, pets, exclusive-use areas, assigned spaces #14, #15, smoking, home business.
1010. Litigation · 12. Brokers. Lawsuits can drain reserves and block loans. Brokers do not verify HOA documents.
Buyer · 11/10/2026Buyer · 11/10/2026
Bản mô phỏng do Ken Lam vẽ lại để giải thích. Không phải form C.A.R. chính thức.