Thinking of Buying into a Homeowner Association? Here’s What You Need to Know

A Homeowner Association (HOA) is a private association created by a real estate developer to market, manage and sell homes and lots in planned developments. These can include, houses, townhouses, and condominiums. If you buy a house in the subdivision or condominium, you are generally obligated to become a member of the homeowner association and pay monthly or annual fees. The HOA manages the common areas and amenities and enforces the rules [...]

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