Homeowners associations (HOAs) are typically comprised of owners in planned developments, where there are separate lots and homes. The HOA will be responsible for roads and infrastructure within the community, as well as maintaining common areas and enforcing rules. Learn more in our post about Why HOAs Exist.
Condo associations are basically the same thing within a complex that has one or more large buildings that are comprised of condominiums, apartments or townhomes. In this case the association is responsible for the exterior of the structure(s) as well as the common property.
Want to learn more about your Condo Association or HOA? Run a free Eli Report!