A homeowner's association is created by the community’s developer as an entity to uphold the community’s deed restrictions and maintain any neighborhood common area or grounds.

Each homeowner pays a portion of the costs to maintain the shared spaces and manage the community. Typical HOA costs are insurance, management, postage, and cost to conduct business of the association, pool maintenance, playgrounds maintenance, landscape maintenance, community events, etc.

An HOA assessment is a recurring payment made by homeowners who live in a community governed by a homeowners association. These funds are used to fund the maintenance, management, and operation of shared amenities and common areas within the community, such as parks, playgrounds and landscaping.

In addition to the regular annual assessment, homeowners may occasionally be charged special assessments to cover unexpected expenses or large projects like major repairs or renovations.

These assessments play a crucial role in maintaining the quality and appearance of the neighborhood while supporting community upkeep and services.