HOA Dues: What Homeowners Association Fees Cover and How They're Set
Warren Team
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Key terms
- Homeowners Association (HOA)An organization in a residential community that makes and enforces rules for properties and common areas. HOA fees cover maintenance of shared amenities, landscaping, and sometimes exterior maintenance. Fees can range from $100 to over $1,000 per month.
- Room and BoardThe combined cost of housing and meal plans at a college or university, which is a significant portion of the overall cost of attendance. Room and board costs vary depending on whether you live on campus, off campus, or at home, and the type of meal plan you select. Many colleges require first-year students to live on campus and purchase a meal plan.
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