The Pros and Cons of Home Owners Associations (HOAs)

Most new home developments have HOAs (homeowners associations) and covenants. Covenants are rules and guidelines that a homeowner must abide by in a neighborhood. HOAs charge homeowners fees to enforce covenants, maintain parts of the neighborhood or even maintain the houses themselves. HOAs and covenants are almost always attached to condos and townhomes, and many ... Read more

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