What is HOA?
An HOA (homeowners association) is an organization that manages a community's common areas and enforces its rules, funded by dues paid by owners.
In practice
- Dues, rules and any special assessments are set by the HOA's governing documents and board.
- Buyers should review the HOA documents before the contract deadlines.
General information, not legal, tax or financial advice. Rules vary by state and MLS.
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