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- Many condos, co-ops, and even some neighborhoods have homeowner's associations (HOAs) made up of member residents.
- HOA members are elected from among the residents and serve to maintain grounds, master insurance, community utilities, as well as the overall finances of the building complex or community.
- Most HOAs will require all unit owners to pay a monthly or semi annually maintenance charge and may also demand special one-time assessments to cover large community expenses.
- The HOA's bylaws will spell out which responsibilities are the associations and which are the unit owners'.