Homeowners Association


Definition of "Homeowner's association"

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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ