Homeowner associations, or HOAs, enable owners to manage their planned unit development – this could be a subdivision, condos or townhouses. These communities have common property like roads. They also may have amenities such as a pool, clubhouse or rec center. This all costs money, and owners pay for it (whether they use them or not).
Owners appoint a board to oversee the management of community, including managing its budget, and vote on rules and conditions, covenants and restrictions. Learn more in our post about why HOAs exist.
Sometimes, HOA boards are not functional. One owner who successfully turned around his HOA was kind enough to write about his experience, so if that sounds familiar check that out here.
Want to learn more about your homeowner association? Run a free Eli Report!