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What is a homeowners’ association and what is its purpose?

April 26, 2017Association purpose

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What is a homeowners’ association and what is its purpose?

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Posted

Homeowners’ associations are non-profit corporations 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.