Residential communities are governed by organizations that oversee daily life and property values. These organizations collect fees from residents to fund maintenance and amenities. A significant number of Americans, 75.5 million, live in communities with such governing bodies.

Further details are available about how these organizations function and their responsibilities. They create rules for properties and residents, and members are required to pay fees. The fees cover various costs, including maintenance and administrative expenses.

More information can be found about the role of these governing organizations, also known as property owners' associations in some contexts, and how they impact residents' lives.