An HOA, or Homeowners Association, is a legal entity that governs a community of homes or other properties. The HOA is typically made up of the homeowners within the community, and it is responsible for enforcing the community’s covenants, conditions, and restrictions (CC&Rs), as well as managing common areas and amenities.
A Tenant Estoppel, on the other hand, is a legal document that a tenant signs to confirm the terms of their lease agreement with a landlord. It typically includes information such as the lease term, rent amount, security deposit, and any other agreements or obligations between the landlord and tenant. The Tenant Estoppel is usually required in commercial real estate transactions as a way to confirm that the tenant is in compliance with their lease and that the landlord has the right to lease the property to the tenant.
In summary, an HOA is a legal entity that governs a community of homes and manages common areas and amenities, while a Tenant Estoppel is a legal document that confirms the terms of a tenant’s lease agreement with a landlord, and is usually required in commercial real estate transactions.