September 2018

Found 1 blog entry for September 2018.

A Home Owners Association, or HOA is an organization in a planned community, subdivision or condominium that implements procedures and guidelines for all the homes in that area. The main reason for a home owners association is to keep the property values high by carrying out the community’s rules and regulations and by maintaining common areas. Once you purchase a home in a community with an HOA, you automatically become a member and are required to pay HOA fees that contribute to the general upkeep and supervision of the community.

Each association is founded by the real estate developer to manage their designated communities. The HOA has the power and authority to enforce and oversee restrictions and conditions.  Most HOAs will have a document

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