The building that I'm renting in in Chicago basically just has quiet hours, regulations on certain types of home renovations (the pipes are partially owned by the building not the individual units, any structural or wall changes, etc), and a few rules about use of the property (pets must go through the alleyway entrance not the front lobby and packages must be picked up from the lobby or placed in the stairwell within one day). It also has things like a management contractor for dealing with things like shoveling snow on the side walks (all tenants and property owners in the city are responsible for making sure this is done). And they do other stuff like trash collection and removal among other things.

Largely, just read the rules and make sure you want to live by them. Most are very reasonable at least in the city.