What is a Homeowners Association and what is its purpose?
Homeowners Associations are non-profit corporations that exist to help preserve property values through architectural controls, design guidelines and deed restrictions. Additionally, Associations provide for the maintenance of common areas and community facilities through the collection of assessments.
Homeowners’ associations are non-profit corporations are created to help preserve property values through the use of architectural controls, design guidelines and use and deed restrictions. Additionally, associations provide for the shared ownership and maintenance of common areas and community facilities. Assessments are charged to owners for the maintenance and upkeep of these common areas and amenities.
