Common HOA Terms
Before you begin living in an HOA community, make sure to do adequate research to ensure you understand what you’re buying into. Due to the various restrictions, regulations, and expenses, some people will not be happy being part of an HOA, while others will feel right at home. Which are you? You won’t know until you do your research.
One of the first things to learn is the industry jargon. It’s important to be familiar with the terms you’ll likely see when dealing with paperwork and contracts. Here are a handful of terms our HOA professionals believe you need to be aware of: