What Is Homeowners Association Hoa

Answer for "What is homeowners association (HOA)?"

Deonne Ramos
  Keller Williams Realty

Homeowners association is a nonprofit association that manages the common areas of a condominium or "planned unit development" (PUD). Unit owners pay a fee to the association in order to maintain areas such as a pool or playground that are owned jointly.

Search Real Estate FAQ

Related Real Estate FAQ

Related Real Estate Glossary Terms