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Guard booth and vehicle gates at the entrance to a residential community

8 min read

What Is an HOA and How Does It Affect Your Home?

An HOA, short for homeowners association, is a private organization that manages parts of a residential community. It collects dues, maintains shared property, and sets and enforces rules for homes in the community. If membership is tied to the property, you become an HOA member when you buy the home and must follow its rules and pay its required charges.

Photo by Long Chung on Unsplash

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