Homeowners Association

Definition of "Homeowner's association"

Baron  Keel
  EXP Realty

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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