HOA (Homeowners Association)

A Homeowners Association (HOA) is an organization in residential communities, typically comprising homes, townhouses, or condominiums. It is established to manage common areas, enforce community rules, and maintain property values. Residents pay monthly or annual fees to the HOA, which funds services like landscaping, maintenance, and amenities. The HOA sets guidelines for property appearance and conduct to ensure a cohesive community atmosphere. Homeowners are required to adhere to these rules, and the HOA can impose fines or take action for non-compliance. Overall, HOAs aim to enhance the quality of living in the neighborhood.