What is Homeowner's Association (HOA)?
A homeowner's association (HOA) is a common form of property management for residential communities. HOAs are typically governed by a set of bylaws that dictate rules and regulations for the community, such as landscape maintenance, noise levels, and parking. Homeowners who violate these rules may be subject to fines or other penalties. In addition to enforcing community rules, HOAs also typically manage shared amenities, such as swimming pools, clubhouses, and fitness centers. Some HOAs also provide services such as trash pickup or security. By working together, homeowners can maintain a well-run community that everyone can enjoy.
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