What is a homeowners association?

A homeowners association (HOA) is a legal organization created to manage and maintain a residential community. In Alaska, an HOA is generally created when a developer turns over control of a residential development to the homeowners. An HOA requires all homeowners to pay membership dues, which are used to cover the cost of maintaining the neighborhood, such as lawn care, maintenance, and repairs. An HOA also establishes and enforces rules and regulations for the community, such as restrictions on pet ownership, parking, and property modifications. The homeowner’s association also has the authority to levy fines against members for violations of the HOA’s rules. The HOA also helps protect the value of the homes in the neighborhood by ensuring that all properties comply with zoning regulations, as well as any local building codes. The board of directors for an HOA are elected by the members and serve as the governing body of the organization. All HOA decisions must be made in the best interest of the community and the homeowners.

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What is a homeowners association?

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