What is HOA(homeowners' association) ?

A homeowners' association is the governance function of a common interest development. This governance, created by the real estate developer, is given the authority to enforce the covenants, conditions, and restrictions and managing the common amenities of the development. Most homeowners' associations are non-profit corporations, and are subject to state statutes that govern non-profit corporations and homeowner associations.

As here, an HOA is comprised of two or more homeowners that belong to a mandatory membership organization for the maintenance of commonly owned real estate and improvements. Size-wise, it can range from a simple duplex up to a huge development with thousands of detached homes, condominiums and townhouses that maintain marinas, golf courses and other extensive recreational facilities.