What is homeowners association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or “planned unit development” (PUD). Unit owners pay a fee to the association in order to maintain areas such as a pool or playground that are owned jointly.

Posted in: Buyer Frequently Asked Questions

Get the latest real estate buzz from Liz

NEW LISTINGS, MARKET UPDATES AND HOME TIPS
SUBSCRIBE!