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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.
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 ...
According to the Community Associations Institute, between 22 and 24 percent of the entire U.S. population in 2017 lived in community associations. The two leading states with CIDs are California, where around 9,327,000 people lived in a CID, and Florida, where about 9,753,000 lived in a Community Interest Development.
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Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
The board is required to maintain its duties in exchange for these dues. Each HOA will have its own rules in place. When you agree to live in that community, you agree to the rules.
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