The homeowner’s association (HOA) board, often in conjunction with a property management firm, is responsible for upholding the rules and regulations of the community, collecting assessments, and using the money provided by homeowners to see to the upkeep of the community. Some HOAs are responsible for maintaining building exteriors while others limit their management of the property to common areas, including landscaping, pool areas, club...
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Homeowners associations are designed to act in the best interests of a given community. When properly administered by an elected HOA board, often in conjunction with a third-party management group, the HOA helps to ensure community safety, maintain property values, and create a beautiful and enjoyable environment for all residents. As part of this overarching directive, HOAs collect fees from every homeowner to pay ongoing...
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It is estimated that around 55 million Americans live in houses or condominiums that are overseen by community associations. That’s about 1 in 6 Americans. The vast majority of these homeowners have at least a basic understanding of why they pay HOA fees and the benefits they gain by living in a community governed by a board of their fellow homeowners (along with a written...
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