ccr: The Essentials of Common Interest Communities Part Deux - 03/02/14 10:48 PM
The Essentials of Common Interest Communities Part Deux
In a previous article, I wrote about the basics of home ownership in common interest communities: condominiums, planned communities or PUDs, and cooperatives.  This article will tackle some of the basics about the Association, the legal governing documents and the monthly maintenance fees.
The Association and Board of Directors
By purchasing into a common interest community, the unit owner becomes a member of the Association which may also be called a Homeowner’s Association, a Community Association or a Condominium Association.  In a cooperative, they’re simply referred to as shareholders.
They all mean basically … (7 comments)