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A Glossary of Homeowner Association Terms

The purchase of such real estate as a townhome, condominium or house in a residential subdivision may require mandatory participation in a homeowner’s association (HOA) affiliated with that property. Apartment and commercial real estate renters are sometimes subject to HOA rules as well, though they don’t pay dues. These common terms will help you understand more about HOA’s.

  • Assessments – Assessments are dues that HOA member pay on a monthly or annual basis. These fees go towards administration and neighborhood upkeep.
  • Association manager – This person manages the company in terms of finances, inspections, supervising maintenance, authorizing payments, and other duties.
  • Board members – Board members are elected community members who work on a voluntary basis to set standards, procedures, budgets and policies for the association.
  • Bylaws – Bylaws cover such governing guidelines as meeting schedules and how board members are elected.
  • Covenants, Conditions, and Restrictions (CC&Rs) – These are rules put in place by a homeowner's association. CC&Rs can apply to such aspects as fence height, noise restriction and landscaping.
  • Injunction – If an HOA member violates a regulation, the HOA may file an injunction, or court request, to resolve the matter legally. An injunction can be as extreme as putting a lien on your property if you don’t pay your dues.
  • Reserve funds – This due money is put aside and then allocated towards expected expenses such as street repaving and condo reroofing.
  • Special assessment – This is a decision to perform extra community maintenance. HOA members will be charged a special fee for these projects.
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    Hoa-Usa.com
    Morrisville, NC 27560
    We provide joint representation for millions householders and those volunteers that serve on association boards and committees nationwide. Join our association to start learning more today!
     
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    Brooking Park Village Homeowners Association
    3014 Brooking Park Ave, Sedalia, MO 65301
    (660) 826-9192
    Stonegate Homeowner's Assoc
    15 Stonegate Estates Dr, Hawk Point, MO 63349
    (636) 338-4817
    Gravois Village Condominiums Hoa
    28624 Gravois Village Ln, Rocky Mount, MO 65072
    (573) 392-6853
    Beach Club Homeowners Association
    441 Northport Dr, Lake Ozark, MO 65049
    (573) 552-8788
    Treetop Village Property Owners Association Inc
    20 Tree Top Dr, Lake Ozark, MO 65049
    (573) 365-2232
    Waters Edge Homeowners Association
    35 Waters Edge Ct, Lake Ozark, MO 65049
    (573) 365-2391
    Peaceful Valley Property Owners Association Inc
    3408 Peaceful Valley Rd, Owensville, MO 65066
    (573) 437-2605
    Sunrise Ridge Home Owners Association Manager
    12 Sunrise Ridge Dr, Sunrise Beach, MO 65079
    (573) 374-7998
    Nantrucket Bay Hoa
    111 Journeys End Trl, Sunrise Beach, MO 65079
    (573) 374-1373
    Eagle Bay Property Owner's Association
    28451 Northwoods Dr, Lincoln, MO 65338
    (660) 668-4481
    Indian Lake Property Owners Assn Inc
    17 Indian Hills Dr, Cuba, MO 65453
    (573) 885-3630
    Lake Thunderhead Inc
    10223 Wildflower Dr, Unionville, MO 63565
    (660) 947-3267


     
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