Many people, including real estate agents, get the terms HOA and AOAO mixed up. In fact, most aren’t even familiar with the term AOAO.
HOA stands for Home Owner’s Association. In real estate this is strictly used for single family residential subdivisions, not condominiums. AOAO stands for the Association Of Apartment Owners and is used strictly for condominiums. HOA fees can be called just that, but on real estate forms they are called association fees. Fees charged by the AOAO to maintain the condo complex and conduct the business of the AOAO are called maintenance fees.