Community association manager

When is a CIC created? - A CIC is created when the declaration (CC&Rs) is recorded with the county. No later than the date the first unit is conveyed How many elected board members are required under NRS 116B, once the declarant's control of a condominium hotel terminates? - 3 A common interest community is? - Real estate described in a declaration in which individual unit owners are required to pay a portion of the expenses related to the common elements. in addition to the Declarations...

A community association is Generally defined as real or personal property,owned by two or more entities, which share the responsibility for the cost of maintenance and administration - True Purchasers of a timeshare plan have a 10 day contract recision period in which to cancel the purchase - True Not for-profit corporations are exempt from federal income taxes - False A condominium and a hospital may join together to create a self insurance pool for windstorm insurance, if approved by th...