An HOA is a legally established organization created to manage and maintain a residential community. Membership is typically automatic when a homeowner purchases property within the association’s boundaries. The HOA operates under governing documents that outline rights, responsibilities, and community standards. Most HOAs are managed by an elected board of directors, made up of homeowners from the community. Industry surveys indicate that volunteer boards oversee the majority of HOAs, often working alongside professional management firms for daily operations. To get more information click here #hoameaning https://ledgre.ai/understanding-hoa-fees/
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