Section One - The Florida Community Association Concept Test Solved 100%

Community Association - Answers A community association is defined as any type of association which is connected to or linked to residential property ownership through which the purchase of a residential unit within the community includes a membership in the association which provides the vehicle and structure for the management of the common property of the association and to provide for the governing body to manage the affairs of the association. Membership in the community association is mandatory. Types of Community Associations - Answers Condominiums, Cooperatives, Mandatory Homeowners' Associations (HOA) Legal Structure of the Community - Answers The type of structure or architecture do not determine the legal structure of the community. The developer determines it and creates the community in accordance with the legal requirement for that type of community. Governance - Answers The community association is the legal entity that governs the community. This governance includes providing for maintenance of the common property (primary purpose), enforcing the governing documents and managing the business affairs of the community. Assessment Right - Answers The association has the power to impose a fee on the unit owners. This fee is also called dues, membership fee, maintenance fee, etc. Lien Right - Answers Gives the association the power to collect the assessment. The lien right provides that if the assessment is not paid, the association may, by following proper legal process, cause the property to be sold in foreclosure. The foreclosure sale may result in the association collecting the past due assessment or if the sales proceeds are insufficient to cover liens with higher priority, the association may not recover any or all of the past due assessments. Community Association's Maintenance Responsibilities - Answers The community association's maintenance responsibilities will be defined in the documents of the community. In condominiums and cooperatives, the association normally has the responsibility for maintaining all of the physical property except for the interior of the units. In an HOA, the association normally only maintains the common grounds but the documents may extend maintenance responsibility to the individual lots of even to the exterior of the units. Board of Directors - Answers Elected by the membership to manage the community association. The board normally selects from its members officers who are responsible for the day-to-day of the operation.