Anyone know of a lawyer that specializes in HOAs

Denton, Texas
Tax, SDIRAs & Cost Segregation
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Anyone know of a lawyer that specializes in HOAs

Carlos Silva
Argyle, TX · Member since 2013 · 76 posts · 21 votes

My worst case scenario became a reality last night. The neighborhood HOA passed a motion to limit the number of rental properties. I just leased my home which was a primary residence last month. The max number of homes for lease is now 5%.

I believe it is wrong to make a change after I have already invested time and money into this house.  I should be grandfathered in until I decide to sell the property, not when the lease expires.

Should I try and fight this or is this a lost cause? I have another property with a HOA limit of 20%. There has been no issues there.

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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
Quote from @Carlos Silva:

My worst case scenario became a reality last night. The neighborhood HOA passed a motion to limit the number of rental properties. I just leased my home which was a primary residence last month. The max number of homes for lease is now 5%.

I believe it is wrong to make a change after I have already invested time and money into this house.  I should be grandfathered in until I decide to sell the property, not when the lease expires.

Should I try and fight this or is this a lost cause? I have another property with a HOA limit of 20%. There has been no issues there.


That is not uncommon unfortunately that they grandfather you in with the current lease (and not current tenant). Most HOA's are allowed to do this and in many instances not much you can do. This is a risk when investing in communities with HOA's.

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  • Janet Behm
    Accountant · West Jordan, UT · Member since 2017 · 182 posts · 95 votes
    2y

    Carlos, 

    Check out lawyers.com and search for HOA.

    Here are three that seemed like possibilities. 

    1. : Located in San Antonio, this law firm serves people and businesses in various areas including Real Estate Law.
    2. : Based in Dallas, they offer services in Real Estate and Business Disputes among others.
    3. : This law firm has been serving Waco and Central Texas since 1925.

    For a DEEPER DIVE, go to the States Legislative Register and find out who proposed the law changes. Bet you it is a law firm that will make lots of money from the new legislation.

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  • Janet Behm
    Accountant · West Jordan, UT · Member since 2017 · 182 posts · 95 votes
    2y

    I APPOLOGIZE TO BP...

    ooops, BP doesn't like links. 

    1. Roman Law Office

    2. Woolley Wilson, LLP

    3. Dunnam & Dunnam, LLP

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Carlos Silva:

    My worst case scenario became a reality last night. The neighborhood HOA passed a motion to limit the number of rental properties. I just leased my home which was a primary residence last month. The max number of homes for lease is now 5%.

    I believe it is wrong to make a change after I have already invested time and money into this house.  I should be grandfathered in until I decide to sell the property, not when the lease expires.

    Should I try and fight this or is this a lost cause? I have another property with a HOA limit of 20%. There has been no issues there.


    That is not uncommon unfortunately that they grandfather you in with the current lease (and not current tenant). Most HOA's are allowed to do this and in many instances not much you can do. This is a risk when investing in communities with HOA's.

    7e investments53 Reviews
    WebsiteView Page
    1Reply
  • Carlos Silva
    OP
    Argyle, TX · Member since 2013 · 76 posts · 21 votes
    2y
    Quote from @Janet Behm:

    I APPOLOGIZE TO BP...

    ooops, BP doesn't like links. 

    1. Roman Law Office

    2. Woolley Wilson, LLP

    3. Dunnam & Dunnam, LLP

     Thanks for the information 

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