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Residential home builders and real estate developers must wear many hats while creating the buildings and communities so many of us call home. Indeed, each project’s ultimate viability and marketability depend on how well every phase of development is planned and executed – ideally, with the highest levels of expertise, experience, cost-efficiency and professionalism.

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.