Homeowners Association (HOA) | Definition, Purpose, and Duties
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financestrategists.com
Homeowners Association (HOA) | Definition, Purpose, and Duties
A homeowners association, or HOA, is an organization in a neighborhood, condominium, or other jurisdiction that creates and enforces rules for the residents and their properties. Certain jurisdictions may require homeowners to become a member of the HOA and require dues, called HOA fees, typically collected monthly or annually. The HOA uses the ...
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