M-100 The Essentials of Community
Association Management 2025/2026
Exam Questions and Answers | 100%
Solved
community association - 🧠 ANSWER ✔✔legal entity in which the owners
enjoy the protection, enhancement, maintenance & preservation of their
homes & property
community association has 3 defining characteristics - 🧠 ANSWER
✔✔Membership in the community is mandatory & automatic for all owners;
certain association docs bind the owner & the association to each other
through mandated actions; mandatory lien-based assessments
(maintenance fees) are levied on each owner in order to operate &
maintain the community assocation
,lien - 🧠 ANSWER ✔✔legal claim by one party (community association) on
the property of another (delinquent owner) to obtain the payment of a debt
or the satisfaction of an obligation.
What does the lien do? - 🧠 ANSWER ✔✔Placing a lien on an owner's
property protects the community association's interests. It encourages
payment of the debt. Consequence of lien is the owner cant sell or transfer
the unit without settling the debt.
Purpose of a community assocation - 🧠 ANSWER ✔✔to provide for the
community, business, & governance aspects of the association. This is
achieved by administering, maintaining, & enhancing a residential real
estate development, and through the establishment of a system of property
rights, binding covenants & restrictions, & rules & regulations.
3 basic types of residential community associations (1) - 🧠 ANSWER
✔✔Planned community; owner owns his unit ; community owns any
common areas such as tennis courts, for the use & benefit of the lot owners
second type - 🧠 ANSWER ✔✔Condominium; owner owns his living unit &
an undivided interest in the common elements of the community. Each
, owner owns a % of the common elements, which consist of everything
except the living units.
third type - 🧠 ANSWER ✔✔Cooperative; person owns stock or
membership; holds a proprietary lease or occupancy agreement for his
living unit
Proprietary lease or occupancy agreement - 🧠 ANSWER ✔✔defines the
member or stockholders' rights & obligations in relation to the living unit.
The community association owns all of the real estate as a not-for-profit
corporation.
3 types of residential community associations can exist by themselves or
can be group in clusters called: - 🧠 ANSWER ✔✔Master or umbrella
associations: consists of more than 1 residential community association.
Second type - 🧠 ANSWER ✔✔Mixed-use development-consists of a
mixture of residential & commercial &/or industrial uses grouped together.
Third type - 🧠 ANSWER ✔✔55 & older communities; must have 1 person
who is 55 of age or older living in at least 80% of occupied units.
Sources of legal obligations for a community association - 🧠 ANSWER
✔✔Federal, state & local statues, regulations, & case law
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Association Management 2025/2026
Exam Questions and Answers | 100%
Solved
community association - 🧠 ANSWER ✔✔legal entity in which the owners
enjoy the protection, enhancement, maintenance & preservation of their
homes & property
community association has 3 defining characteristics - 🧠 ANSWER
✔✔Membership in the community is mandatory & automatic for all owners;
certain association docs bind the owner & the association to each other
through mandated actions; mandatory lien-based assessments
(maintenance fees) are levied on each owner in order to operate &
maintain the community assocation
,lien - 🧠 ANSWER ✔✔legal claim by one party (community association) on
the property of another (delinquent owner) to obtain the payment of a debt
or the satisfaction of an obligation.
What does the lien do? - 🧠 ANSWER ✔✔Placing a lien on an owner's
property protects the community association's interests. It encourages
payment of the debt. Consequence of lien is the owner cant sell or transfer
the unit without settling the debt.
Purpose of a community assocation - 🧠 ANSWER ✔✔to provide for the
community, business, & governance aspects of the association. This is
achieved by administering, maintaining, & enhancing a residential real
estate development, and through the establishment of a system of property
rights, binding covenants & restrictions, & rules & regulations.
3 basic types of residential community associations (1) - 🧠 ANSWER
✔✔Planned community; owner owns his unit ; community owns any
common areas such as tennis courts, for the use & benefit of the lot owners
second type - 🧠 ANSWER ✔✔Condominium; owner owns his living unit &
an undivided interest in the common elements of the community. Each
, owner owns a % of the common elements, which consist of everything
except the living units.
third type - 🧠 ANSWER ✔✔Cooperative; person owns stock or
membership; holds a proprietary lease or occupancy agreement for his
living unit
Proprietary lease or occupancy agreement - 🧠 ANSWER ✔✔defines the
member or stockholders' rights & obligations in relation to the living unit.
The community association owns all of the real estate as a not-for-profit
corporation.
3 types of residential community associations can exist by themselves or
can be group in clusters called: - 🧠 ANSWER ✔✔Master or umbrella
associations: consists of more than 1 residential community association.
Second type - 🧠 ANSWER ✔✔Mixed-use development-consists of a
mixture of residential & commercial &/or industrial uses grouped together.
Third type - 🧠 ANSWER ✔✔55 & older communities; must have 1 person
who is 55 of age or older living in at least 80% of occupied units.
Sources of legal obligations for a community association - 🧠 ANSWER
✔✔Federal, state & local statues, regulations, & case law
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
