What is an HOA?Posted by Eric Emond on
What is an HOA?
HOA is an abbreviation for a homeowners association. As a non-profit organization, HOAs regulate subdivisions of homes, condos, or planned developments through the implementation of rules and regulations.
The purpose of HOAs is to protect and improve property values for community residents. These associations restrict the activities of homeowners while maintaining common areas to ensure their upkeep.
What Does an HOA Do?
Each HOA comes with dues or fees required by the end of the month, quarter, semester, or year. All HOA members are allowed to vote for the HOA president or board of directors who are responsible for managing the HOA. Fees may or may not include maintenance for private streets, gates, and sidewalks.
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