In California, a Homeowner’s association is a group that manages a number of different aspects of a residential neighborhood or building. It allows the opportunity to enforce regulations so that property values don’t decline.
Many HOAs include management of recreational amenities such as a pool, clubhouse, gym, tennis court or walking trail. Many HOAs cover maintenance and landscaping of common areas. Some even cover trash and water in certain condominium complexes.
Each member pays dues to cover these expenses. HOA fees range from $20 to $850 or more each month and are usually paid separately from your mortgage payment.
Last modified: December 11, 2017