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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.
Some 84% of condos for sale last year had associated HOA fees, along with about a third of single-family homes, according to Realtor.com. More than 75% of listings in metro areas as varied as ...
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.
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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.
Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.
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A homeowners association (HOA), whose members are the unit owners, manages the condominium through a board of directors elected by the membership.