Homeowner Associations in Nevada : Las Vegas Real Estate

Homeowner Associations in Nevada

Posted at 2:59 PM, Jun. 22, 2007

This week Governor Jim Gibbons vetoed a bill meant to reform homeowners associations (HOA’s) in Nevada, even though the bill passed in both houses.

The bill addressed many items including the banning of radar guns on private streets, fees collected by HOA’s for real estate transactions, and the clarification of existing law allowing HOA boards to raise fees to fill maintenance reserves without homeowner approval.

I don’t know about you but personally I’m not comfortable letting an HOA board raise my dues without approval of the majority of homeowners (for maintenance or not), I can understand the non-use of radar guns on private streets…that’s up to the individual HOA to police, and I’m not sure about the fees collected by HOA’s for real estate transactions…I don’t know the entire story behind this one.

I LOVE being in an HOA…I personally prefer the rules and regulations that come down. We moved to an HOA because of this. We don’t want someone next door painting their house purple, or the person down the street bringing my property values down because they have junk cars on their front lawn, or loud parties going on until all hours of the night. We also don’t want to deal with taking care of the yard work and we like the availability of pools, tennis courts and a clubhouse. HOA boards put in A LOT of time without pay and most of the time without even a thank you…but some also get a power trip and want things THEIR way. I’m for the regulation of the HOA’s and I’m glad these bills come before our (voted-in) representatives for decisions like this!

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Homeowner Associations in Nevada

Posted at 2:59 PM, Jun. 22, 2007

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