KevinL5 (California)
Posts: 3
Posts: 3
Posted:
when my parents moved into their condo in 1996, it was brand new and no association was setup, however they did get a copy of CC&R and Bylaw from the builder. it was a three unit complex and no one seems care/know about the HOA law. so they created a joint bank account with three owners' name and deposit certain money each month to cover the common area expense. a few years gone by and they started to realize they haven't had an proper association setup and hence they could never buy liability and fire insurance for the common area. so they asked me to help since none of the owners speak English. i went to my accountant and had him established a none-profitable condo association with all three owners' names as board members. but the accountant office drafted the CC&R and Bylaw for us, i forgot why we didn't use the ones given to us by the builder. so the association was setup and documents were signed and recorded through county. just last week i bought a house and it has its own HOA even though it's a stand alone house, anyways, on the escrow closing day, i received the HOA documents and noticed their CC&R and Bylaw were drafted by an attorney office. does this matter? do i need to tell my parents to recreate their condo's CC&R through a law office? sorry for the long post, thanks.