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Multifamily building owners are now considering how to cater to legacy short-term renters, as well as forever tenants. This includes the provision of relevant and enticing amenities, expanded services, and rethinking concessions to maximize their revenue potential.

From enforcing rules on property appearance to managing communal amenities, HOAs wield considerable influence over homeowners' lives. But why do homeowner associations exist, and what is the purpose of an HOA?

In this comprehensive guide, we'll delve into the intricacies of property management contracts for community associations, addressing key questions and considerations.