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What Is An HOA

bigstock Hoa Homeowners Association A 386712250An HOA or homeowners association is a group of homeowners who share a common interest in a community.

Often we think of condominium complexes when we talk about HOA’s.  But some neighborhoods are governed by an HOA.

The necessity arises for an HOA when homeowners have a shared interest in common areas.  In a condominium complex, it could be pools, decks, yards, play areas, parking lots, roads, etc…

In a single-family neighborhood, it could be a front entrance, watershed areas, roads, sidewalks street lamps, etc…

With the common interest, also comes ownership and a financial stake.  The HOA will govern the community by providing financial management, maintenance and rules to provide peaceful enjoyment for all.

Find out 7 common questions asked about HOA’s

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Written by KevnVitali

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