Definition of Homeowners Association:
Orange County HOA:
Technically this is a group that manages a shared housing complex (normally this definition is more closely tied to apartments, but this is still a widely accepted definition), usually a group of condominiums or planned urban development’s (PUD’s) or in Orange County we frequently see – master planned communities. The members of this group enforces the community rules and provides building general area maintenance. The HOA will provide funding for repairs, grounds maintenance and security for the building by collecting money (usually monthly) from the homeowners. Normally within a week or so of putting an offer on a home, condo or townhome the prospective buyer will receive (if the property is part of an HOA) a copy of the CC&R’s (covenants, conditions and restrictions), this document provides all of the ground rules and regulations as well as the operating budget for the HOA.