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Real Estate vocabulary · Property Management

Homeowners association

Meaning in real estate, with examples

nounCommon term

In real estate, homeowners association means: An organisation that manages a housing development or apartment building, sets its rules and collects regular fees from the owners.

In Turkish: site yönetimi, kat malikleri kurulu, apartman yönetimi

How it is used

American English, usually shortened to HOA. Owners pay HOA fees every month for shared costs such as cleaning, gardens and pools, and must follow HOA rules on things like paint colours or renting out. Buyers ask to see the HOA's finances and rules.

Example sentences

  1. The homeowners association charges 350 dollars a month, which covers the pool and security.

  2. Check the homeowners association rules before you plan any changes to the garden.

Common collocations

  • HOA fees
  • homeowners association rules
  • HOA board
  • join the homeowners association
  • service chargeA regular fee that owners or tenants of flats and commercial units pay toward the upkeep of shared areas and services, such as cleaning, lifts, security and insurance.
  • property managementThe day-to-day running of a property on behalf of its owner, including finding tenants, collecting rent, arranging repairs and dealing with problems.
  • apartmentA set of rooms for living in, usually on one floor, that forms one unit inside a larger building with other similar units.
  • amenitiesExtra facilities and features that make a property or area more pleasant or convenient, such as a gym, a pool, parking or nearby shops.

More terms: Property Management

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