Whether you are a first-time home buyer or looking to move, understanding the difference between a POA, HOA, and COA is important. What do these acronyms stand for? The first step is to understand how each one is defined:
- A POA is a Property Owner’s Association
- An HOA is a Home Owner’s Association
- A COA is a Condominium Owner’s Association
The only true common element among the three is the last two words: owner’s association. While each type of association deals with property on some level, the exact terms of membership and services vary. Read the article…………………………….