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What is a Homeowners Association?
Democracy in action. This is the organization that governs regulations and expenditures within a community. The Homeowners Association is typically responsible for the development of an annual budget, the collection of assessments that homeowners pay to maintain and repair "common areas," and the creation of various rules and guidelines for living in the community. Most Homeowners Associations have a Board of Directors that's elected annually. These groups usually need volunteers. They are almost never paid, and members typically spend between 2 and 10 hours per month on Association business. Although the Board positions are elected, each homeowner within the community is a member of the Association with voting privileges.
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