Glossary
HOA fees
Recurring association payments for shared building or community costs.
What it means
HOA fees are recurring payments to a homeowners or condominium association for shared services, reserves, insurance, and maintenance.
High HOA fees are not automatically bad, but buyers need to understand what they cover and whether reserves are sufficient.
In condos and planned communities, HOA rules can also affect rentals, pets, renovations, parking, and future assessments.