Definitions for "Home Owners Association"
The group of owners that administer the rules and regulations at a resort.
For a real estate development which has common areas that are jointly owned by all of the owners, the owners form a homeowners association. Each owner pays a monthly fee to the HOA for upkeep of the common areas. Applies to condos and PUDs.
Organized group of property owners in a condominium, Planned Unit Development (PUD), or subdivision, assigned to manage common areas and enforce association rules and regulations.