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Real Estate Glossary
Welcome to our online Real Estate glossary. To search for a term,
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Homeowners' association:
A group that governs a modern subdivision or planned community. An association collects monthly fees from all owners to pay for maintenance of common areas, handle legal and safety issues, and enforce the covenants, conditions and restrictions set by the developer.
As defined by Inman
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See Also:
» Maintenance fee
» Special assessment
The definition for Homeowners' association and
this glossary as a whole are presented to you as a courtesy of ForeclosuresMass.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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