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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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