Home Buying in Gulf Shores>Question Details

Tommy Johnson, Home Buyer in Foley, AL

what are h.o.a. fees

Asked by Tommy Johnson, Foley, AL Sun Mar 16, 2014

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Home Owners Association fees....when you live in a condo development or some subdivisions, there will be an association you are required to belong to....this association managed the property, takes care of all the common elements like entrance ways, pools and other recreational facilities, and typically pays for common area utilities and insurance. You are assessed a percentage of those costs based on a formula agreed to by the association.
0 votes Thank Flag Link Mon Mar 17, 2014
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