![]() Homeowners are the people who have bought homes and possess the single claim of rights to a piece of property. Homeownership is fairly simple to understand. ![]() To more easily understand the definition of an HOA, it helps to look at the words that make up homeowners association. An example of this is an HOA in a condominium complex.Īn HOA might also be formed by a real estate developer to facilitate marketing, selling, and managing homes and/or lots in a residential subdivision. A homeowners association is a private association-like entity that is formed by the law itself (ipso jure) in a building with multiple owners. HOA is an acronym for homeowners association. Until you own a home, the words that matter to homeowners may not be in your perceptual set.Īs you enter the world of homeownership though, you begin to discover that there is a seemingly endless pool of new words and acronyms that become important for you to learn. For more information about industrial-control topics, contact him at or visit seems to have its own vocabulary. Niemi, P.E., is a senior engineer with SCADAware Inc., Normal, IL.
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