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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
This means homeowners associations, commonly referred to as HOAs, set rules and regulations for roughly 32% of the population, with stricter guidelines than other tenancies.
Getty Images By Teresa Mears If you buy a condominium, townhouse or single-family home in a newer development, you're likely to become a member of a community association. About 20 percent of ...
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The Community Associations Institute (CAI) is an organization that represents homeowners, condominiums, and other community associations around the world. Based in Falls Church , Virginia in the United States , the CAI has more than 60 chapters of condominium and homeowner associations [ 1 ] [ 2 ] [ 3 ] with over 45,000 members worldwide. [ 4 ]
In one example, newer infill neighborhoods built decades after the original, surrounding HOA-less neighborhood may have its own HOA but also be within the boundaries of a NA. In the United Kingdom, it is known as a residents' association (RA). RAs are often involved in local politics, contesting seats at local and county elections.
A community association is a nongovernmental association of participating members of a community, such as a neighborhood, village, condominium, cooperative, or group of homeowners or property owners in a delineated geographic area.
An estimated 74 million home and condominium owners now live in properties governed by associations of their fellow residents. And to hear the Community Associations Institute tell it, the vast ...
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related to: what do homeowners associations