Thursday, December 21, 2017

Deed-Restricted Communities in Florida


Henrietta Feldman has practiced real estate law since 1999. Currently based in Palm Beach, Florida, Henrietta Feldman draws on an in-depth knowledge of deed-restricted communities and other regulations related to real estate.

Deed-restricted communities are common in the state of Florida. They operate under the oversight of a homeowners association, which receives regular fee payments from its members in exchange for enforcing pre-set community rules. These rules cover a variety of aspects of home maintenance and appearance, ranging from the color of exterior paint to the number of people who can live in a home at any given time.

Many people enjoy living in deed-restricted communities because they offer the certainty of a well-kept neighborhood and, often, esthetics that align with the homeowner's values. However, experts recommend that potential buyers carefully read all deed-restriction language of a homeowners association agreement, because signing such an agreement can place the homeowner at risk of fines for failing to abide by regulations. Furthermore, Florida state law allows a homeowners association to begin foreclosure proceedings on a member homeowner who fails to pay dues or fees for special assessments.

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