Which of the following best defines an Association?

An Association is best defined as a group of property owners gathered together for a common business purpose. This definition captures the essence of what an association is intended to do—serve the interests of its members, who are typically property owners within a defined community or development. Associations often manage common areas, enforce community rules and regulations, and handle administrative functions pertaining to the property.

This definition aligns with how homeowner associations (HOAs) and other similar organizations operate. They are formed specifically for the purpose of managing and governing shared interests in real estate, making decisions that affect all members, and enhancing the overall quality of life in their communities.

The other options describe specific arrangements or legal concepts related to property ownership but do not capture the broader concept of an association focused on the collaboration and common interests of property owners. For instance, jointly holding a property deed or fee simple refers more to the nature of ownership rather than to an organized group established for collective action or governance. Similarly, representing a larger group holding title focuses more on the delegation of authority rather than the collaborative aspect that defines an association’s purpose.