Which aspect is NOT typically managed by a homeowners association (HOA)?

A homeowners association (HOA) is primarily focused on the management and enhancement of shared community interests and common areas. Typically, they handle tasks that promote community standards, ensure property values are maintained, and create a harmonious living environment for the residents.

Maintaining community common areas is a central responsibility of an HOA, as it ensures that parks, pools, and other shared facilities are kept in good condition for the benefit of all residents. Enforcing rules within the community is also a critical function, as the HOA establishes regulations to uphold standards for property maintenance and neighbor relations, fostering a consistent and pleasant living atmosphere.

Organizing community events is another responsibility that enhances social interaction among residents, providing opportunities for engagement and fostering community spirit.

However, managing individual homeowner mortgages is not part of the HOA's role. Mortgages are private financial agreements between homeowners and their lenders, and the HOA does not get involved in these personal financial matters. The responsibilities of the HOA are generally limited to communal aspects rather than individual financial obligations.