A residential community, such as a condominium, is likely to have an HOA to ensure properties are well-maintained and that the community's atmosphere is a peaceful and cohesive one. If you purchase a condominium within a planned development, the HOA agreement will both impose some responsibilitie...
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 such an associ...