In the property context, HOA is short for homeowners association.

The concept of an HOA is that it enables owners within a particular planned unit development to maintain common property. Homeowners associations can consist of condos, townhouses, subdivisions of detached homes, or a combination thereof. The HOA will also implement rules as well as conditions, covenants and restrictions. All of these serve to preserve and enhance the community.

HOAs are managed by a board, which consist of owners. The board is voted in by owners at annual meetings, at which owners also approve budgets. Learn more in our post about why HOAs exist.

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