You’ve likely heard of homeowners associations, but you may not know the term “condo association.” A COA is a condominium owners association that operates similarly to an HOA. While HOAs govern entire neighborhoods of property owners, COAs oversee condominiums, apartments and townhomes. COAs set regulations for residents and offer some perks as well.   

They Create the Rules of the Building

Want to bring Fido to your new townhouse? Better check with your COA first. Like HOAs, COAs can set rules like whether or not you can own a pet and how loud you can play your music. You’ll sign a contract with your condo association stating that you’ll adhere to their guidelines when you move in. Failure to comply could result in hefty fines. 

They Manage the Facilities

One main difference between HOAs and COAs is property maintenance. Homeowners who belong to HOAs must follow specific rules when maintaining their property, but COAs do all the work for their residences. COAs usually mow the lawn and landscape and maintain parking areas. This extra work means that COAs are typically more expensive than HOAs.

Condo owner’s associations are very similar to homeowners associations, which a few slight differences. COAs do a lot for their members but can be pricey and often have strict guidelines.