• A homeowners association is an organization that develops and enforces rules and regulations for a subdivision, planned community, or condominium building.

  • Members of the HOA are residents of the microdistrict, village or house.
  • Some communities require compulsory membership for persons purchasing property in the zone.
  • Homeowners associations are governed by a board of directors and typically charge a monthly or annual fee to pay for maintenance of common areas and facilities.
  • Homeowner associations can impose fines on homeowners who do not follow the rules.