Definition
An organization of property owners in a community that sets rules, collects fees, and maintains common areas. Joining an HOA requires understanding its rules, fees, and how governance actually works.
Where you’ll meet it
What do I actually own, and what does the HOA control?
See it in Buying a condo or townhome · Step 1About this term
HOAs establish rules (CC&Rs), collect fees, maintain common areas (pools, roads, landscaping), and enforce compliance. Membership is automatic upon property purchase. HOAs vary in size from small condos to large developments. Joining an HOA requires understanding rules, fees, and governance structure.
Pro Tip
Carefully review HOA rules and financials before buying. Restrictive or financially weak HOAs significantly impact property enjoyment.
Example
A 100-home neighborhood HOA collects $300/month fees to maintain roads, landscaping, and common facilities