Florida Community CAM Prep Questions With Correct Answers

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 documents defining property rights, rules and restrictions. Community Associations are also refered to as - Answer Covenant Conceptually Community Associations: - Answer Maximize land use, share responsibility, 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 mandatory, members must have the right to vote, an assessment, if unpaid can become a lien.