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not usually - you would have to figure your rent based on your housing expenses including HOA dues. You also need to make sure your association allows you to rent the house (sometimes it's required to be owner occupied). You also need to provide your prospective tenants with any rules & regulations of the HOA because you'll be fined if they don't cooperate with covenants. I went through this about 10 years ago with some bad tenants who didn't like following rules. Luckily we got them moved out before the association fined us as owners. Be very careful about choosing tenants!
I didn't think so. What about putting in the contract that they must pay HOA fines for not following the regulations. If they don't mow the lawn, it's a 25-50 dollar charge.
I didn't think so. What about putting in the contract that they must pay HOA fines for not following the regulations. If they don't mow the lawn, it's a 25-50 dollar charge.
Stick in a clause requiring conformance to HOA rules and requiring the tenant to pay for any violation. I would put it in bold type!
Often won't work if the tenant goes round the bend. However worth a try.
I hope this is the right place to ask. We're considering renting out our house, and I was wondering if the renter usually pays the HOA fee?
Mine is clearly and obviously tacked on to my rent. Landlords are pretty blase' about passing the expense on to us, the tenants.
I also got a copy of the HOA rules when I moved in. Most are common sense and it's sort of insulting to have to be TOLD not to leave garbage lying around...not to play loud music or have the TV turned up after a certain hour...not to use my garage as a repair shop...etc.
They even dictate what color curtains I can have. I hate HOAs like that.
Failure to pay HOA dues can, in many states, result in foreclosure proceedings against your property. As with other expenses such as taxes and insurance that you, as the property owner, are required to pay, the best advice is to make those payments yourself. How much or how little you can recapture in the rent will depend on the rental market in the area your property is located.
Also, if your HOA enforces landscaping standards, I would strongly advise you to consider providing your tenants with at least a minimum amount of professional landscaping services. I was the president of my former HOA and I cannot begin to count the number of fines that were levied against absentee landlords for violations of landscaping--despite their protestations that they were "certain" their tenants were regularly mowing and weeding.
Not usually, but it negotiable like everything else. Of course, you're paying it even if it isn't a separate charge because I'm sure it's worked into the rent they are asking for each month (just like taxes and insurance).
No Virtually never. You owe it and effectively must pay it. Similar to property tax. Why trust the renter to pay what you must?
No law or rule aganst it. But only done if you are stupid. You stupid?
Hmmm...
I would suggest working it into the rent payment. They don't need to know a portion of the rent pays for it; however, I would follow the suggestion which mentioned HOA clause protections and might consider having an attorney write it up.
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