Homeowners Association
/ˌhoʊmˌoʊnərz əˌsoʊsiˈeɪʃən/
Definitions
- (n.) A nonprofit organization created by a real estate developer to manage and regulate a residential community, enforce covenants, conditions, and restrictions (CC&Rs), and maintain common areas.
The homeowners association levied a special assessment to repair the community pool.
Forms
- homeowners associations
Related terms
See also
Commentary
Often governed by state statutes, a homeowners association typically wields quasi-governmental powers within its community; drafters should clearly specify the scope of authority and enforcement mechanisms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.