Bylaws
Definition and meaning of Bylaws in real estate.
Bylaws are the formal rules and regulations adopted by a homeowners association or condominium corporation to govern its internal operations and administration.
In more detail
Bylaws outline how the community association is run, including rules for electing board members, holding meetings, voting procedures, and collecting monthly dues. They are distinct from the covenants, conditions, and restrictions, which govern property use and architectural standards. Buyers should review the bylaws carefully during their due diligence period to understand the governance of the community. Bylaws can be amended over time by a vote of the association members.
Key facts
| Category | Legal, Titles & Closing |
|---|---|
| Applies to | Condominiums, townhomes, and planned unit developments |
| Required by | State laws governing corporate and community association entities |
| Watch out for | Outdated bylaws that make it difficult for the association to operate efficiently |
A condominium association's bylaws require the board of directors to hold an annual budget meeting and outline the quorum needed for homeowners to vote on changes.
Frequently asked questions
Are homeowners association bylaws legally binding?
Yes, bylaws are legally binding documents that govern the administration of the association and the responsibilities of its members.
How do bylaws differ from covenants, conditions, and restrictions?
Bylaws govern the operations and administration of the association, while covenants, conditions, and restrictions outline physical property rules and restrictions.
Related terms
Sources & references
See our sources and editorial standards.