You own the property same as you would without an HOA. They are a form of real covenant [0], are tied to the property, and are enforceable against any owner of

You own the property same as you would without an HOA. They are a form of real covenant [0], are tied to the property, and are enforceable against any owner of the property. In the US, the bundle of covenants used are also referred to as "deed restrictions". [1] [0] http://en.wikipedia.org/wiki/Covenant_%28law%29#Covenants_related_to_land http://en.wikipedia.org/wiki/Covenant_%28law%29#Covenants_re... [1] http://en.wikipedia.org/wiki/Covenant_%28law%29#Covenants_in_planned_communities http://en.wikipedia.org/wiki/Covenant_%28law%29#Covenants_in...