Home Owners’ Association

Concept of Home Owners’ Association in the context of Real Property

Alternatives definitions of Home Owners’ Association: (1) An association of people who own homes in a given area, formed for the purpose of improving or maintaining the quality of the area. (2) An association formed by the builder of condominiums or planned developments, and required by statute in some states. The builder’s participation as well as the duties of the association are controlled by statute.