Quick Definition

A Homeowners Association Fee (HOA Fee) is a periodic charge collected by a homeowners association from its members to fund the maintenance and improvement of properties within the association.

Examples

• 1A gated community charges each homeowner $300 monthly to cover security, landscaping, and community pool maintenance.
• 2In a condominium, the HOA fee of $250 per month includes garbage collection, water services, and upkeep of the common gym and lobby areas.
• 3An HOA in a suburban neighborhood uses the collected fees of $200 per homeowner to maintain playgrounds, street lights, and snow removal services.

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