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Subdivision Regulations
 More Resources for Buyers and Sellers
 
 
  If the home you are buying is within a subdivision, that subdivision may govern how you may use the property. If the subdivision regulates the use of the property or if the homeowner's association has assessment power, it is a good idea to get a copy of those restrictions, and an itemization of current and pending assessments, prior to making an offer to purchase. Subdivision regulations may affect the nature of vehicles you may park in your driveway, whether you can install a satellite dish, and often address architectural requirements of homes within the subdivision. If there is a neighborhood association with assessment power, you need to find out what the amount of the annual assessment and what services the association provides. If subdivision regulations do affect the property, you will want to consult with an attorney regarding the addition of a contingency, to the offer to purchase, allowing for time to object to those conditions. It is also advisable to seek to have the seller warrant that the property conforms to all current restrictions. We believe that it is necessary to have an attorney review the subdivision regulations, and any contingencies or warranties, before entering into an offer to purchase.
 


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Attorney Jason A. Greller - Real Estate Lawyer SC - 21 N. Butler Street - Suite 101, Madison, WI 53703
608-218-4030 or contactus@knollgreller.com
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