According to House Logic from the National Association of Realtors, Homeowners Associations, or HOAs, are “a volunteer group of neighbors who manage common areas and community property, creates its own covenants, conditions, and restrictions (CC&Rs).” Since approximately 63 million Americans live in communities governed by HOAs (according to the Community Associations Institute) it’s important to have a basic understanding of homeowners associations – how they work, what they do and what you can do if you don’t want to follow to the community rules and restrictions.
Each HOA is different, but here are some starting points to understanding the basic components:
- The Basics of Homeowners Associations
- Running the HOA Transparently
- Homeowner Associations and their Budgets
- The Status Woe in Homeowners Associations
- Q&A How to Solve Your Toughest HOA Challenges