this post was submitted on 13 Sep 2024
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Whats an HOA?
Home owner's association; when you buy a house and it is part of a HOA, you have to sign a contract to join the HOA as a requirement of buying, which means you have to pay dues and abide by the rules of the organization, and you have to require the next buyer to also join in order to sell your house.
*In the US.
No, this exists in other countries just as well. Here in Germany it’s called „Hausverwaltung“.