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By-laws of Homeowner’s Association
A Home Owners Association (HOA) is an organization of homeowners of a particular subdivision, condominium or planned unit development. The purpose of a home owners association is to provide a common basis for preserving maintaining and enhancing their homes and property. Most homeowners' associations are non-profit corporations. They are subject to state statutes that govern non-profit corporations and homeowner associations. The associations provide services, regulate activities, levy assessments, and impose fines. Usually, each member of a homeowners association pays assessments. Those assessments or dues are used to pay for expenses that arise from having and maintaining common property.
It should be remembered, however, that while not all provisions may be contained in the bylaws, in most states any provision that may be contained in the bylaws may also be contained in the articles of incorporation and a provision in the articles is superior to a contrary provision in the bylaws.
