A homeowners association is an organization that manages a planned community, condominium, or subdivision. Owning property within its boundaries typically makes membership mandatory, subjecting the owner to the association's rules and fees.
The HOA maintains common areas, enforces community standards, and provides shared services, funding this work through regular dues and occasional special assessments. It operates under governing documents, including CC&Rs and bylaws, that spell out owners' rights and obligations.
Buyers should review HOA dues, rules, financial health, and any pending assessments before purchasing, since these directly affect cost and lifestyle. HOA dues are also factored into a buyer's monthly housing budget and loan qualification. Rules and fees vary widely from one association to another.