Business, Legal & Accounting Glossary
An organization comprising neighbours concerned with managing the common areas of a subdivision or condominium complex. These associations take on issues such as salting and sanding a subdivision when it snows and collecting dues from residents. The homeowners’ association is also responsible for enforcing any covenants, conditions & restrictions that apply to the property.
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This glossary post was last updated: 22nd April, 2020 | 1 Views.