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Homeowners association

A homeowners association is an organization which functions as the quasi-government of a subdivision, generally a residential subdivision. Homeowners association are common in the United States exercising control over 19% of American homes, 20 million homes.

Homeowners associations collect fees from homeowners, maintain the facilities of the community, and enforce the agreements which govern the association. This may include detailed rules regarding construction and maintenance of individual homes.

Although homeowners associations perform some of the functions of a local government the constituency which elects them consists only of homeowners, who need not be residents, and excludes voting by residents of the community who are not homeowners, renters.

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First published at http://www.internet-encyclopedia.org/wiki.phtml?title=Homeowners_association




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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Homeowners association".