What is a homeowners association?

A homeowners association, or HOA, is a legal entity created to manage, maintain, and improve residential property in Delaware. It is comprised of a group of homeowners who own and agree to abide by specific Rules and Regulations established by the HOA. The HOA is responsible for setting up and enforcing the Rules and Regulations for the community that are accepted by its homeowners. What does an HOA do? An HOA can have a variety of responsibilities and powers, including maintaining the community’s common areas, organizing social activities, and enforcing community rules. An HOA’s authority includes collecting fees from homeowners, setting fines for violations of the Rules and Regulations, and even foreclosing on a homeowner’s property if they fail to pay their HOA assessments. It is important to understand what an HOA is and what rights and responsibilities it has before purchasing or leasing a property in Delaware. A homeowner should research the HOA’s Rules and Regulations and fees before they commit to a property. The HOA may also have the power to impose restrictions on how a homeowner can use their property, so it is important to ensure that the homeowner is comfortable with any restrictions before signing a lease or buying a home.

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