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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. [1]
The HOA governs the CID based upon the incorporated covenants, conditions, and restrictions (CC&Rs) which were recorded when the property was subdivided. [citation needed] The CC&Rs will outline the financial budgeting guideline for the HOA in determining the dollar amount in maintenance fees for assessing the owners. In a wholly owned CID ...
Neighborhood associations are more likely to be formed in older, established neighborhoods, especially those that predate HOAs. HOAs are generally established at the time a residential neighborhood is built and sold. Sometimes older established neighborhoods form an HOA to help regulate rules and standards.
When there are 10 HOAs, but one master, who's in charge of what? Homeowners confused over the rules regulating these boards; legal expert explains
The increase in the number of rental units will affect our standing with the insurance company by increasing our premium
To help the HOA in its goal, an HOA fee is usually assessed for each member. HOA fees help keep your neighborhood and shared spaces well-maintained. The fees also go toward the insurance premium ...
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1]
Logo of the Community Associations Institute. The Community Associations Institute (CAI) is an organization that represents homeowners, condominiums, and other community associations around the world.