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.

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.