How is a homeowners' association (HOA) typically defined?

A homeowners' association (HOA) is typically defined as an organization that creates and enforces community rules. This definition highlights the primary role of an HOA, which is to maintain the common areas of a community, regulate the use of properties within the community, and ensure that community standards are upheld to enhance property values and the quality of life for residents.

HOAs often establish bylaws and rules, such as guidelines on property maintenance, landscaping, architectural modifications, and behavioral expectations. These rules are designed to foster a sense of community and ensure that all homeowners adhere to a consistent set of standards.

In contrast, the other options do not accurately reflect the primary function or purpose of an HOA. For example, managing property tax assessments relates to governmental functions and is not a primary purpose of an HOA. While groups of landlords may exist within certain contexts, they do not define an HOA, which is residential and community-focused rather than being purely a landlord association. Similarly, while property disputes may arise within a community, an HOA does not primarily function as an agency handling such disputes. Instead, its focus remains on community governance and the enforcement of established rules and regulations.