A Homeowners Association (HOA) is an organization in a residential community that enforces rules and regulations for property owners. Members of the HOA typically pay monthly or annual fees, which are used to maintain common areas, such as parks and swimming pools, and to manage community services. HOAs help maintain property values by ensuring that homes and yards are kept to a certain standard. They often have guidelines regarding home appearance, landscaping, and noise levels, which residents must follow to promote a harmonious living environment.