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| Homeowners’ AssociationAn association with annual dues collected from residents to insure enforcement of any covenants or restrictions that apply to the properties covered. For example, the Homeowner’s Association could legally cause a homeowner to take care of their yard as required by a legal covenant signed as a part of closing. Homeowner’s Association fees also cover maintaining common areas, and in some cases may be either voluntary or mandatory. See also:Hazard InsuranceHome InspectionHomeowners InsuranceHomeowners WarrantyHomeowners’ AssociationHUD |
