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Business Glossary
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Definitions for: homeowners' association
homeowners' association

an organization of the homeowners in a particular subdivision, planned unit development, or condominium; generally for the purpose of enforcing deed restrictions or managing the common elements of the development.

Example: All unit owners of the Lakefront Condominiums are members of the Lakefront Homeowners' Association. The Association maintains the pool, grounds, and building structure, and regulates use of common elements. They assess each owner a $75 monthly fee.

Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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Industry Associations

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American Homeowners Foundation
Homeowners and prospective homeowners. Serves as an educational and research organization; publishes books, model contracts, videos and other educational materials acts as a unified voice for American homeowners

Members: 5,000
Founded: 1984