Home Owners Association (HOA)

Beginner 🏠 Real Estate

Definition

An organization collecting monthly fees to maintain common areas and judge your life choices with shocking authority.

Example Usage

The HOA fined him $200 for leaving his trash cans visible from the street for three hours.

Origin

Formalized in the 1960s as suburban communities expanded

Fun Fact

Some HOAs have more rules than small governments and less accountability.

Source: Residential community governance

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