Monthly Association Dues

A payment due monthly to a homeowners’ association, to be used for maintenance and communal expenses. Condominiums, townhouse complexes, and planned unit developments (PUDs) may require monthly homeowners’ association dues.

Related Terms:

1. Back End Ratio
2. Amenities
3. Homeowners’ Association (HOA)
4. Homeowners’ Association Dues
5. Maintenance Fee