What is association property?

The concept of association property refers to personal property that is owned by the management entity of a community, such as a homeowners' association (HOA). This can include items like office furniture, tools, or equipment that the HOA uses to manage and maintain the community. Association property is distinguished from real property, which involves land or buildings.

While the notions of real property owned by all members, property leased out by the HOA, and common ground available for all residents are significant in the context of homeowner associations, they do not accurately define association property. Real property owned by all members pertains more to shared ownership of land or facilities, while common ground is a specific type of real property for use by all residents, like parks or pools. Therefore, associating property strictly delineates ownership and management aspects, focusing on what the HOA owns outright for its operations.