In addition to regular dues, expect to receive a comprehensiveannual statementfrom your HOA. The purpose of theannual statementis to inform you of the HOA's financial activity during the year. The balance sheet details the HOA's current funds levels and outstanding financial liabilities. The stat...
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 ...