How to Determine If You Live in a Condo, HOA, or Townhome
Understanding whether you live in a homeowners association (HOA), a condominium (condo), or a townhome depends on the ownership structure:
- HOA: In an HOA, homeowners own their individual homes and the lots they are built on. The HOA owns and maintains shared common areas like parks, pools, or clubhouses.
- Condo: In a condo, individuals own their units and share ownership of the building’s exterior and common areas, such as pools or elevators, which are collectively maintained through the condo association.
- Townhome: A townhome refers to a style of housing with shared walls, but it may fall under an HOA, a condo, or a standalone ownership model. Ownership details vary by community.
To determine your specific ownership type, check your deed, mortgage documents, or lease agreement. These documents outline the ownership structure and any associated responsibilities, fees, or assessments.