10.03.12 Question Of The Day

Question By C.Y; What Does HOA Mean, & What Is It?

In The World Of Real Estate “HOA” Stands For Homeowner’s Association. HOA Is The Governing Entity That Makes Sure Each Owner/Resident Of That Community Adheres To The Covenants & Restrictions For The Subdivision. Some HOA Charge A Fee (Montly, Quarterly Or Yearly)…The Amount Depends On What Services The HOA Provides, I.E Yard Maintenance, Club House Maintenance, Entrance Beautification Etc…If An Owner Should Refuse To Pay Their HOA Fees, The HOA Has The Power To Place A Lien On The Homeowner’s Property. For More Information On HOAs Please Call 850-877-2692