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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.
The term neighborhood association is sometimes incorrectly used instead of homeowners association. But neighborhood associations are not homeowners associations - groups of property owners with the legal authority to enforce rules and regulations that focus on restrictions and building and safety issues.
What an HOA could cost you is a […] This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities ...
This book has a sample set of by-laws of the type that a small, independent society might adopt. [14] The wording of the by-laws has to be precise. Otherwise, the meaning may be open to interpretation. In such cases, the organization decides how to interpret its by-laws and may use guidelines for interpretation. [15]
If you're in the market to buy a home and are considering a house in a community governed by a homeowners association, also called an HOA, you'll want to do your research. HOAs can have all sorts ...
America’s Homeowners’ Associations, or HOAs, are designed to promote community well-being and keep neighborhoods orderly and enjoyable. But in practice, their overly strict rules often go to ...