Quick Definition

A homeowners association (HOA) is an organization in a subdivision, planned community, or condominium that makes and enforces rules for the properties and their residents.

Examples

• 1Residents in an HOA community may be required to pay monthly fees to cover communal area maintenance and services.
• 2An HOA can impose fines on homeowners who violate community rules, such as restrictions on exterior paint colors or landscaping.
• 3HOAs often manage amenities like pools, fitness centers, and security gates, enhancing the living environment for residents.
• 4In some cases, an HOA may have the authority to place a lien on a property if the homeowner fails to comply with financial obligations or community standards.

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