M100 with a complete solutions
Legal entity in which the owners enjoy the protection enhancement maintenance and preservation of
their homes and property
3 defining characteristics of Community Association
1. Mandatory membership
2. mutually binding documents
3. lien based assessments
mandatory membership
membership in the government association is mandatory and automatic for all owners
mutual binding documents
association government documents find the owner and the association to each other through mandated
action
Lien based assessment
maintenance fees are left on its owner in order to operate and maintain the Community Association.
Three types of association
1. plannned community
2. condominium
3. cooperative
plannned community
the most common type of commander association owner owns is or a lot and living united
community owns any community area for use and benefit of Lord owners
condominium
an individual owns his /her leaving unions and two and and divided interest in the common
elements of the community it’s on our own percentage of common elements
, cooperative
an individual owns one’s own stock or membership in the cooperative
add a proprietary our currency agreements for is or a living units another name is stock cooperative
properties or occupancy agreement
remember our stockholder rights and obligation in relation to the living unit
specialized Community Association
master umbrella association mixed-use development 55 and older
master umbrella association
Congress of more than one residential Community Association
Mixed-use development
Consist of a mixture of residential and commercial and or industrial uses grouped together and leave
work and play
55 and older communities
Must have one person who is 55 years ….in at least 80% of its occupied units
Sources of legal obligation
1. federal state and local statutes regulation and case laws
2. legal document you need to the Community Association that find the association
3. lender requirements
4. standard said professional bodies
federal laws
1. EEOC
2. FlSA
3. FMLA
4. FICA
5. osha
EEOC
Eco Employment Opportunity Commission prohibits discrimination in hiring promotion
and dismissal, etc
Legal entity in which the owners enjoy the protection enhancement maintenance and preservation of
their homes and property
3 defining characteristics of Community Association
1. Mandatory membership
2. mutually binding documents
3. lien based assessments
mandatory membership
membership in the government association is mandatory and automatic for all owners
mutual binding documents
association government documents find the owner and the association to each other through mandated
action
Lien based assessment
maintenance fees are left on its owner in order to operate and maintain the Community Association.
Three types of association
1. plannned community
2. condominium
3. cooperative
plannned community
the most common type of commander association owner owns is or a lot and living united
community owns any community area for use and benefit of Lord owners
condominium
an individual owns his /her leaving unions and two and and divided interest in the common
elements of the community it’s on our own percentage of common elements
, cooperative
an individual owns one’s own stock or membership in the cooperative
add a proprietary our currency agreements for is or a living units another name is stock cooperative
properties or occupancy agreement
remember our stockholder rights and obligation in relation to the living unit
specialized Community Association
master umbrella association mixed-use development 55 and older
master umbrella association
Congress of more than one residential Community Association
Mixed-use development
Consist of a mixture of residential and commercial and or industrial uses grouped together and leave
work and play
55 and older communities
Must have one person who is 55 years ….in at least 80% of its occupied units
Sources of legal obligation
1. federal state and local statutes regulation and case laws
2. legal document you need to the Community Association that find the association
3. lender requirements
4. standard said professional bodies
federal laws
1. EEOC
2. FlSA
3. FMLA
4. FICA
5. osha
EEOC
Eco Employment Opportunity Commission prohibits discrimination in hiring promotion
and dismissal, etc
