Homeowners Association (HOA)

A Homeowners Association (HOA) is an organization within a residential community that enforces rules and manages shared amenities, like pools or parks. Homeowners in the community typically pay monthly or annual dues to the HOA, which funds maintenance, landscaping, and communal services. The HOA sets guidelines to maintain property values and ensure a standard of living, covering aspects like home appearance and noise levels. Members usually have a say in decision-making through votes or meetings, helping to create a desirable living environment. While HOAs can foster community, they may also impose restrictions that some homeowners find challenging.