A homeowner association [or homeowners' association (HOA), sometimes referred to as a property owners' association (POA), common interest development (CID), or homeowner community], is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. HOAs are found principally in the United States, Canada, the Philippines, as well as some other countries. They are formed either ipso jure, or by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision.The developer may transfer control of an HOA after selling a predetermined number of lots.
A condominium is an ownership regime in which a building is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names.
Lawn signs are small advertising signs that can be placed on a street-facing lawn or elsewhere on a property to express the support for an election candidate, or political position, by the property owner. They are popular in political campaigns in the United States and Canada.
Jesse Clyde "J. C." Nichols was an American urban planner and developer of commercial and residential real estate in Kansas City, Missouri.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US. Other terms used are self-catering rental, holiday home, holiday let, cottage holiday and gite.
McKenzie Towne is a master planned residential neighbourhood in the southeast of Calgary, Alberta being developed by Carma Developers LP. The community is bordered on the west by Deerfoot Trail, on the south by Stoney Trail, on the east by 52 St. S.E., and to the north by the South Trail regional commercial centre along 130 Ave. S.E.
The Chesapeake Ranch Estates (CRE), also known locally as the Ranch Club, is located in Lusby, Maryland, United States, in southern Calvert County. CRE was founded in 1958 and is governed by a homeowners' association, which is officially called the "Property Owner's Association of the Chesapeake Ranch Estates" (POACRE). Today, CRE is composed of over 4,000 homes. The community is counted as a census-designated place for population statistics, with a residential population of 10,519 as of the 2010 census. At the 2000 census, the area was part of the Chesapeake Ranch Estates-Drum Point CDP.
Monterey Hills is a neighborhood in Los Angeles, California.
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk.
A neighborhood association (NA) is a group of residents or property owners who advocate to organize activities within a neighborhood. An association may have elected leaders and voluntary dues.
Russett is an unincorporated planned community of 613 acres (2.48 km2) within the Maryland City census-designated place in far-western Anne Arundel County, Maryland, United States, near the city of Laurel. It is situated in a park-like setting complemented by 12 miles (19 km) of walking trails and a 70-acre (280,000 m2) lake nature preserve.
Certified Community Association Manager (CCAM) is a professional certification in property management earned through the Minnesota Multi-Housing Association (MHA) or the California Association of Community Managers (CACM). Those certified as a CCAM are deemed by the association to have obtained a certain level of professional competence in the management and administration of common interest communities or developments, which are generally townhome, condominium or homeowner associations or cooperatives.
Association law is a term used in the United States for the law governing not-for-profit corporations under various tax codes. This includes charitable organizations, which are generally classified under 501(c)3 in the IRS Tax Code, professional societies, guilds and trade associations, which are classified under 501(c)6, and homeowner associations, which are classified under 501(c)4. There are other classification types, but these are the primary ones.
A reserve study is a long-term capital budget planning tool which identifies the current status of the reserve fund and a stable and equitable funding plan to offset ongoing deterioration, resulting in sufficient funds when those anticipated major common area expenditures actually occur. The reserve study consists of two parts: the physical analysis and the financial analysis. This document is best prepared by an outside independent consultant for the benefit of administrators of a property with multiple owners, such as a condominium association or homeowners' association (HOA), strata, containing an assessment of the state of the commonly owned property components as determined by the particular association's covenants, conditions, and restrictions (CC&Rs) and bylaws. Reserve studies however are not limited only to condominiums and can be created for any "common interest community" (CIC) properties such as resort properties, community/neighborhood associations, coops, etc.
The Davis–Stirling Common Interest Development Act is the popular name of the portion of the California Civil Code beginning with section 4000, which governs condominium, cooperative, and planned unit development communities in California. Contrary to what the title of the Act suggests, the bill was authored/drafted by University of San Diego School of Law Professor Katharine N. Rosenberry while she served as a Senior Consultant to the California Assembly Select Committee on Common Interest Developments. Assemblymen Lawrence W. "Larry" Stirling and Gray Davis added their names as authors prior to the bill being passed/enacted by the California State Legislature in September 1985. In 2012, the Act was comprehensively reorganized and recodified by Assembly Bill 805.
East Garrison is a planned community in an unincorporated area in Monterey County, California. It is located on Reservation Road east of Marina and west of the Salinas River on the former Fort Ord. The community has 929 taxed parcels. The community contains many parks including dog parks, the 5-acre Lincoln Park with sports field as well as West Camp Park, McArthur Park, Arts Park which are approximately one acre each. East Garrison is part of Monterey County's Fourth District and, as of January 5, 2021, is represented by Supervisor Wendy Root Askew.
Common-interest development (CID) is the fastest growing form of housing in the world today. They include condominiums, community apartments, planned developments, and stock cooperatives.
One in eight Canadian households lived in a residential condominium dwellings, mostly located in a few census metropolitan areas according to Statistics Canada Condominiums exist throughout Canada, although condominiums are most frequently found in the larger cities. "Condominium" is a legal term used in most provinces of Canada. in British Columbia, it is referred to as "strata title" and in Quebec, the term "divided co-property" is used, although the colloquial name remains "condominium".
Maryland House Bill 107, also known as HB107, is a Maryland state law passed in 2022 that mandates that condominiums, housing associations, cooperatives, and homeowner associations complete a reserve study by October 1, 2023. The law, passed in response to the Surfside condominium collapse, is most notable for expanding the existing law on reserve studies, which only applied to Montgomery County and Prince George's County, to the entire state, requiring community associations three fiscal years to "attain the annual reserve funding level" recommended by the study and giving the board of directors of each association the power to "increase assessments" to fund such a study, overriding any bylaws or other governing documents capping assessment increases. It became law without the signature of Governor Larry Hogan.
