What are Homeowners’ Association Dues or Assessments?
These are monthly, quarterly, semi-annually, or annual payments made by the homeowners to the homeowners’ association to pay for association expenses.
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What is a Homeowners’ Association (HOA)?
A Homeowners’ Association (commonly referred to as HOA) is a corporation (typically not-for-profit) responsible for the operation of a community in which the voting interest is made up of the owners of the homes within the community.