Florida Cam License

Front 1

What is defined as real or personal property owned by two or more entities with legal binding agreement to share responsibilities and costs for maintenance and administration of property?

Back 1

Community Association

Front 2

Community associations are also known as ?

Back 2

CIRA - Community Interest Realty Associations

Front 3

What are both communities and businesses?

Back 3

Community Associations

Front 4

What are the 5 type of community associations?

Back 4

Condominium
Cooperative
Time Share
Mobile Home Park
Mandatory HOA

Front 5

What must you examine to determine the type or legal structure of the association?

Back 5

Association Docs

Front 6

Which of the five type of community associations are not included?
1. Condominium
2. Cooperative 3. Time Share 4. Mobile Home Assoc

Back 6

Mandatory HOA is # 5

Front 7

Community Associations have which type of corporations to manage and operate the association?

Back 7

For Profit &
Not for Profit (Typical)

Front 8

What are the three specific requirements of a Community Association?

Back 8

1. Membership is Mandatory
2. Members have the right to vote
3. An assessment, if unpaid, can become a lien on the property.

Front 9

These are the elements of?
-Unit
-Common Property/Area
-Limited Common Elements
-Association Property
-Appurtenances (Accessory Rights)

Back 9

Community Association

Front 10

What is the primary purpose of a community association?

Back 10

1. Preserve, Protect and Enhance the value of the community and assets.
2. Enhance the lifestyle of the community
3. Provide a harmonious community