What is a homeowner association?

A homeowner association (HOA) is an organization responsible for managing and maintaining common areas and amenities in a residential community. They typically collect fees from homeowners to cover expenses such as landscaping, maintenance, and shared facilities. If you are purchasing a property within an HOA, you will be required to abide by their rules and regulations and may need to pay regular HOA fees.

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Updated on August 21, 2023