Governance
Homeowners association (HOA)
A homeowners association is the organization of property owners created by recorded documents to maintain common property and enforce community rules. Owners automatically become members when they buy in. HOAs are nonprofit corporations in many states, run by an elected board.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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