What is a homeowners association (HOA)?

1 answer

by augustus.ziemann , 9 months ago

@jaylin.bartell 

A homeowners association, commonly abbreviated as HOA, is a governing body or organization formed within a residential community or housing development. It consists of homeowners or residents who collectively manage and enforce rules, regulations, and policies for the community's common areas and shared amenities. These associations are usually established in planned communities, condominiums, or subdivisions with the purpose of maintaining and enhancing property values, ensuring a desirable living environment, and promoting a sense of community. The HOA typically collects fees or assessments from homeowners to fund the maintenance, upkeep, and management of the community's shared resources. They also have the authority to enforce rules and resolve disputes a**** residents, aiming to maintain a certain standard of living and preserve the overall aesthetics and quality of the community.