Residential Estate Industry Journal 5 | Page 39

the HOA peace of mind relating to good corporate Further rules and regulations governance. Members also need to be fully informed relating to building standards, of how directors and/or trustees are elected, and how stands under construction and they can participate in the election of the directors and safety fences ensure a balance trustees and, of course, how they themselves can be in maintaining the quality of life and nominated to serve. lifestyle for existing residents, and the need to complete buildings according to plan. The placement of external structures, including air conditioners, Security and safety rules television dishes and solar panels, etc., may affect the aesthetics of the community, so regulations are in place While the ultimate responsibility for security rests with to ensure the sustainability of property value. each home owner, most people who choose to live in a secure estate do so because of the added security. Controlling access and egress ensures accountability. Usage and service rules While access to individuals who have a rightful purpose to enter cannot be denied, it is important to have All estate facilities and common areas are for the shared information relating to the reasons for which people use of all members of the HOA, residents and guests, enter the community. Rules pertaining to the use and the use thereof needs to be controlled to limit of roads, speeding and dangerous driving are there abuse. The golf course, restaurants, hotels and sports to protect residents and their families, and in some clubs require rules relating to use, hours of operation cases the wildlife. Other safety rules, like the storage and accessibility to ensure fair opportunity for all to of hazardous goods, the lighting of fires and setting off enjoy them. Very often these are also commercial of fireworks, for example, are designed to protect the operations governed by their own regulations, and community and property. need to form part of the rights and responsibilities of Aesthetics rules HOA members. A harmonious lifestyle is attained by the attitude towards the use of the shared and common areas including parks, dams, walking and jogging trails Every community establishes its own ‘theme’ in respect and the like. of design, layout, materials used and colour, and rules pertaining to the maintenance of the intended look and feel will have a direct impact on the value of property. Environmental rules Environmental factors of community living, including energy, water and waste management, are the responsibility of all who live in South Africa, and focused projects and joint efforts in this regard are the responsibility of all who live in residential communities. It is a key responsibility of the board and management to comply with environmental legislation regarding the removal of alien vegetation, as well as the control of planting and beautification of gardens, both private and common. Conduct rules People are entitled to expect certain levels of privacy, peace and tranquillity within the community in which they live. The community is made up of different age groups, cultures and belief systems, and rules relating to the general behaviour of all residents need to set a minimum standard of conduct relating to music, the use of equipment and control of pets, etc. Conclusion Bankenveld Estate Rules that are formulated in each of the above categories should fit the purpose of each category. 39