A homeowner association (HOA) is an association in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. Those who buy property within the jurisdiction of an HOA become members and are required to service charges, known as an HOA fee. Some associations may be very restrictive regarding what members can do with their properties, while others may give residents more freedom.

The activities of HOA are maintaining the common areas in the Jointly Owned property by disposing the tasks of collecting annual maintenance fees, preparing the budgets administering the financial accounts, paying or faciliatiting the utility bill payments, and ensuring the safety of tenants and guests, by properly maintaining the property.

There are five homeowner’s associations: HOA community, Condo Association, Master Association, Housing Cooperative, or “Co-Op”, and Civic Association.

The responsibility of the Owners Association is for three key areas, i.e., management, monitoring and maintenance of the common areas of the property on behalf of the owners.

HOA fees vary depending on the property or community and the facilities available to the unit holders. The service charges for a year are decided based the on the budget prepared at the beginning of the year.