A homeowners' association (HOA) is usually a not-for-profit organization established by a community that governs rules regarding what can and cannot occur in homes, and also determines the rules and money spent on shared property. Many condominium andtownhousesavailable for purchase are part of ...
If you live in a condo, HOA fees may go toward paying utility costs such as water, sewer and trash pickup. A portion of dues is probably set aside for repairs to building exteriors, sprinkler systems, roofing and major system repairs. Some fees, called “assessments,” go toward building ...