HOA glossary · P
Property Owners Association (POA)
What is a property owners’ association (POA)?
A POA is similar to a homeowners association but typically governs a broader range of properties, including residential, commercial, and mixed-use developments. POAs may have expanded responsibilities and greater authority defined by state statutes or municipal agreements.
Why is a POA important?
It manages shared resources across different types of property, not just homes. POAs often coordinate with local governments, enforce zoning or use restrictions, and oversee amenities that serve both residents and businesses, making them essential to the broader community’s function and appeal.
How can you use “Property Owners Association” in a sentence?
The Property Owners Association manages both the residential neighborhoods and the shared commercial areas in the development.
Related terms
- Common Interest Development (CID)A CID is a community where property owners share ownership of common areas. This includes HOAs, condos, and planned unit developments.
- Declaration of CovenantsThe Declaration of Covenants, also known as the Declaration or Master Deed, is the foundational legal document that establishes a homeowners association.
- Equitable ServitudeAn equitable servitude lets an HOA enforce restrictions like architectural guidelines even when they aren't part of the property deed.
- Condo ManagementCondo management encompasses a variety of duties all geared toward supporting the ongoing operation and maintenance of residential condominium property.
