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Homeowners Association


Definition of "Homeowner's association"

Kristin Wengren
  Real Estate One Professionals

An organized group of homeowners in a home subdivision, condominium, or cooperative complex who share common concerns regarding environmental code enforcement, maintenance issues, and organizing social events. Homeownership is a requirement in order to belong to a homeowners association, but a homeowner's fee may be charged in order to officially become a member. In certain instances, a homeowner's association may be organized by the developer or builder of the condominium, cooperative or planned unit development.



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