A Homeowners Association, also known as an “HOA,” is an interesting creature of statute. When an individual buys a property governed by an HOA they automatically become a member of the association and their property is subject to the restrictions set forth in the Declaration of Covenants. The idea behind living in an HOA is that all property owners will agree to abide by a certain set of rules in order to live harmoniously and ensure that property values remain high. In addition, homeowners will have access, in most instances, to amenities such as pools, golf courses, and tennis courts. These amenities exist and can be maintained based on the common assessments paid by all homeowners.