HOA is short “Home Owners Association.” It’s a group of homeowners who belong to the same building or neighborhood that have created rules and regulations for residents to follow. Rules for each community may and normally there is a fee for owning property that is located in an HOA community or building. The fees are used towards any expenses incurred by the HOA for common area maintenance, legal fees, and administrative costs associated with managing the HOA.
What are HOAs?
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