Editing Condominium (section)

== Homeowners association ==
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A [[homeowners association]] (HOA), whose members are the unit owners, manages the condominium through a board of directors elected by the membership. This exists under various names depending on the jurisdiction, such as "unit title", "sectional title", "[[commonhold]]", "strata council", or "[[tenant-owner's association]]", "body corporate", "Owners Corporation", "condominium corporation" or "condominium association". Another variation of this concept is the "time share", although not all time shares are condominiums, and not all time shares involve actual ownership of (i.e., deeded title to) real property. Condominiums may be found in both [[Civil law (legal system)|civil law]] and [[common law]] legal systems as it is purely a creation of [[statute]].  Among other things, the HOA assesses unit owners for the costs of maintaining the common areas, etc.  That is, the HOA decides how much each owner should pay and has the legal power to collect that.