A Homeowners' Association (HOA) is an organization in a residential community that enforces rules and regulations for property owners. These rules are designed to maintain the appearance and value of the neighborhood. Homeowners typically pay monthly or annual fees to the HOA, which are used for community maintenance, amenities, and services. HOAs often have a board of directors made up of residents who make decisions about community policies and improvements. They may also handle disputes between neighbors and ensure compliance with community standards. While HOAs can enhance property values, some homeowners may find the rules restrictive.