A Community is defined as - ANSWER Real or personal property owned by two or more
entities, with a "legally binding agreement (covenant) to share responsibility and costs for
maintenance and administration of property, assets, and association, and with specific rights
granted to the members.
Community Associations are structured by - ANSWER Formal (in writing), legal docu-
ments defining property rights, rules and restrictions.
Community Associations are also refered to as - ANSWER Covenant
Conceptually Community Associations: - ANSWER Maximize land use, share responsibil-
ity, and expenses.
What are the 5 types of Community Associations? - ANSWER Condo, Cooperative, HOA,
Timeshare, Mobile Home Park
What are the 3 specific requirments of CA in Florida - ANSWER Membership is manda-
tory, members must have the right to vote, an assessment, if unpaid can become a lien.
What factors influence the type of association that can be developed? - ANSWER Zoning,
CDMP
These documents define the regulations for use of land, member's rights, & responsibilities,
and create the entity that will manage the community. - ANSWER Declaration of cove-
nants & restrictions/declaration of condominium, Articles of incorporation, bylaws.
1
entities, with a "legally binding agreement (covenant) to share responsibility and costs for
maintenance and administration of property, assets, and association, and with specific rights
granted to the members.
Community Associations are structured by - ANSWER Formal (in writing), legal docu-
ments defining property rights, rules and restrictions.
Community Associations are also refered to as - ANSWER Covenant
Conceptually Community Associations: - ANSWER Maximize land use, share responsibil-
ity, and expenses.
What are the 5 types of Community Associations? - ANSWER Condo, Cooperative, HOA,
Timeshare, Mobile Home Park
What are the 3 specific requirments of CA in Florida - ANSWER Membership is manda-
tory, members must have the right to vote, an assessment, if unpaid can become a lien.
What factors influence the type of association that can be developed? - ANSWER Zoning,
CDMP
These documents define the regulations for use of land, member's rights, & responsibilities,
and create the entity that will manage the community. - ANSWER Declaration of cove-
nants & restrictions/declaration of condominium, Articles of incorporation, bylaws.
1
