Homeowner's Association

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Home Real Estate Terms Glossary Homeowner's Association

What is a Homeowners’ Association?

An HOA is a private organization that sets rules for communities and often charges fees for services, like pools and gyms. A homeowner’s association is a dominant organization in many housing developments in the US and exercises greater control over the use of funds and the provision of services. Note that if you purchase a property or home within an HOA's jurisdiction, you will automatically become a member and will be required to pay dues.

Examples of Homeowners’ Association

  • Example 1: Properties Owners Association
  • Example 2: Cooperatives

Here’s Investopedia’s definition of a Homeowners’ Association.

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