Real or personal property, owned by two or more entities, with a legally binding agreement for every member/homeowner to share responsibility and maintenance.
Specific rights are granted to the owners.
A community association can be both residential and non residential
All of the above
None of they above
Structured by formal legal documents defining property rights, rules, and restrictions. Provides for governance, business and communal aspects of administering, maintaining and enhancing property.
Provides for governance, business and communal aspects of administering, maintaining and enhancing property. Grants rights and or imposing liabilities on the association members. Referred to as a covenant in certain types of communities associations.
Neither A nor B.
Florida statutes provide requirements for different types types of community associations.
A. Condominiums only
B. Mandatory Homeowners Association(HOA) and Cooperatives
C. Mandatory Homeowners Association and Condominiums
None of the above