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If a new development Homeowners association was established…

If a new development...

If a new development Homeowners association was established with restriction prohibiting open RV, or boat storage (no driveways, and street view), can the association following the CC&R amendment provisions, amend the CC&R's, to allow open storage. If so, would owners have claims against the HOA for diminished property values?

Lawyer's Assistant: What steps have been taken so far? Has any paperwork been prepared or filed?

No action has been taken by association to change restrictions, but will be voting on change in coming month.

Lawyer's Assistant: Where is the property located?

Manson, WA

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I don't think so, just want to know if there is any precedence in law about property value loss as a result of these kind of changes. Many on-line articles claim diminished values of up to 5 -10%, but don't know if this is supported in law, since there seems to be a lot of subjectivity.

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Answered in 46 minutes by:
3/20/2018
WiseOwl58
WiseOwl58, Lawyer
Category: Real Estate Law
Satisfied Customers: 4,595
Experience: Experienced real estate lawyer and real estate broker.
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Under Washington law, you can sue the HOA for a change in regulations that diminshes your property value. You would have to quantify the value, and I suggest you bring in the author of that article as the expert witness to quantify the loss in value to your property because of the HOAs actions.

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WiseOwl58
WiseOwl58, Lawyer
Category: Real Estate Law
Satisfied Customers: 4,595
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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