Definition
A homeowners association governing a community, collecting dues and enforcing recorded covenants and restrictions.
Example
HOA dues of $340 monthly covered exterior maintenance, insurance on common areas, and reserves.
Related terms
Frequently asked questions
What does HOA mean in real estate?
A homeowners association governing a community, collecting dues and enforcing recorded covenants and restrictions.
How is HOA used in practice?
HOA dues of $340 monthly covered exterior maintenance, insurance on common areas, and reserves.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.