HOA is short for Homeowners Association. The concept of an HOA is that it enables owners within a particular planned unit development (whether a condo, townhouse or subdivision) to organize and maintain common property. The HOA will also implement rules as well as conditions, covenants and restrictions to preserve and enhance the community, as managed by a board and voted on by owners. Learn more in our post about why HOAs exist.

Want to learn more about your HOA?  Run a free Eli Report!