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*M-100: Community Association Management
*
Essentials with Comprehensive Solutions**
### Community Association Characteristics
- **Mandatory Membership**: Membership is required for participation.
- **Binding Documents**: All members adhere to mutually agreed-upon documents.
- **Lien-Based Assessments**: Assessments are secured by liens on properties.
### Purposes of a Community Association
- **Business**: Operates as a non-profit entity.
- **Government**: Functions similarly to a small-scale government.
- **Community**: Members have shared reasons for residing in the area.
### Basic Types of Community Associations
1. **Planned Community**: Members own their individual lots or units, while the community owns
shared areas like recreational facilities.
2. **Condominium**: Individuals own their units and a percentage of shared common elements.
3. **Cooperative**: Individuals hold shares or membership in the cooperative and have a lease or
occupancy agreement.
### Community Association Clusters
, - **Master or Umbrella Associations**: Oversee multiple residential communities.
- **Mixed-Use Developments**: Combine residential and commercial spaces.
- **"55 and Older" Communities**: Where 80% of residents are 55+ and at least one resident per unit is
55+.
### Sources of Legal Obligations
- **Federal, State, and Local Laws**: Applicable statutes, regulations, and case law.
- **Governing Documents**: Official documents of the association.
- **Professional Standards**: Guidelines from bodies like the AICPA.
- **Lender Requirements**: Obligations set by financial institutions.
### Federal Laws Affecting Community Associations
- **EEOC**: Equal Employment Opportunity Commission
- **FDCPA**: Fair Debt Collection Practices Act
- **FLSA**: Fair Labor Standards Act
- **FMLA**: Family and Medical Leave Act
- **FICA**: Federal Insurance Contributions Act
- **OSHA**: Occupational Safety and Health Administration
- **Bankruptcy Code**: Rules for bankruptcy proceedings
- **FCC**: Federal Communications Commission
- **FHA**: Fair Housing Act
### State Statutes for Community Associations
- **General**: Broadly applicable to all associations.
- **Specifics**: Pertains to particular types of associations and takes precedence over general statutes
and governing documents.
*M-100: Community Association Management
*
Essentials with Comprehensive Solutions**
### Community Association Characteristics
- **Mandatory Membership**: Membership is required for participation.
- **Binding Documents**: All members adhere to mutually agreed-upon documents.
- **Lien-Based Assessments**: Assessments are secured by liens on properties.
### Purposes of a Community Association
- **Business**: Operates as a non-profit entity.
- **Government**: Functions similarly to a small-scale government.
- **Community**: Members have shared reasons for residing in the area.
### Basic Types of Community Associations
1. **Planned Community**: Members own their individual lots or units, while the community owns
shared areas like recreational facilities.
2. **Condominium**: Individuals own their units and a percentage of shared common elements.
3. **Cooperative**: Individuals hold shares or membership in the cooperative and have a lease or
occupancy agreement.
### Community Association Clusters
, - **Master or Umbrella Associations**: Oversee multiple residential communities.
- **Mixed-Use Developments**: Combine residential and commercial spaces.
- **"55 and Older" Communities**: Where 80% of residents are 55+ and at least one resident per unit is
55+.
### Sources of Legal Obligations
- **Federal, State, and Local Laws**: Applicable statutes, regulations, and case law.
- **Governing Documents**: Official documents of the association.
- **Professional Standards**: Guidelines from bodies like the AICPA.
- **Lender Requirements**: Obligations set by financial institutions.
### Federal Laws Affecting Community Associations
- **EEOC**: Equal Employment Opportunity Commission
- **FDCPA**: Fair Debt Collection Practices Act
- **FLSA**: Fair Labor Standards Act
- **FMLA**: Family and Medical Leave Act
- **FICA**: Federal Insurance Contributions Act
- **OSHA**: Occupational Safety and Health Administration
- **Bankruptcy Code**: Rules for bankruptcy proceedings
- **FCC**: Federal Communications Commission
- **FHA**: Fair Housing Act
### State Statutes for Community Associations
- **General**: Broadly applicable to all associations.
- **Specifics**: Pertains to particular types of associations and takes precedence over general statutes
and governing documents.
