Property Ownership
What is a 'property owners association' (POA) and how does it differ from a condominium association?
AA. They are identical; the terms are used interchangeably
BB. A POA governs planned subdivision communities where owners hold separate lots; a condo association governs buildings where owners hold units and undivided shares of common elements✓ Correct
CC. POAs are required by state law; condo associations are optional
DD. POAs manage commercial properties; condo associations manage residential only
Explanation
A Property Owners Association (POA) or Homeowners Association (HOA) typically governs planned subdivisions where owners hold fee simple title to their lots (including the land under their home). A condominium association governs buildings where owners hold units plus undivided shares of common elements. Both can enforce CC&Rs and levy assessments.
Related Hawaii Property Ownership Questions
- What is 'estoppel' in property law and how might it arise in Hawaii real estate?
- In Hawaii, the 'right of survivorship' in joint tenancy means that upon the death of one joint tenant:
- In Hawaii, a fee simple owner who places property in a living revocable trust:
- What is a 'deed restriction' and how does it differ from zoning?
- In Hawaii, which type of deed is most commonly used to transfer title in a standard residential sale?
- In Hawaii, what was the 'Great Mahele' of 1848?
- In Hawaii, what is the 'doctrine of equitable conversion'?
- In Hawaii, a 'deed in lieu of foreclosure' is an arrangement where:
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →