What is the Homeowners Association (HOA)?
Homeowners Associations (HOA) are set up to benefit and serve the members of the Association. They are governed by state laws and a set of documents that provide for all of the rules and regulations as well as how to carry out the duties of the Association. These governing documents set up the Association as a corporation. Basically, a homeowners association is a business. As such, the HOA needs a body to govern the Association and carry out the duties bound by the governing documents. The Board of Directors is that body charged with ensuring the Association is administered and maintained in the best way possible for all of its members.
