A homeowner’s association (HOA) is an organization in a planned community, subdivision or condominium building that creates, oversees and enforces various rules that govern the properties and its residents.
What is a Hoa & how does it work?
HOAs are composed of and run by the community’s residents. Membership is usually a requirement to buy a home within a community where an HOA has been established. An HOA usually has a board of directors or governors. These groups are elected to enforce and oversee the HOA’s rules and regulations.
Is your home part of a homeowners association?
Many homes across the United States are part of an HOA, or homeowners association. So what does that mean? In a nutshell, an HOA helps ensure that your community looks its best and functions smoothly.
