Community association definition

Community association means an association in which membership is a condition of ownership or shareholder interest of a unit in a condominium, cooperative, townhouse, villa, or other residential unit that is part of a residential development plan as a master association or common interest community and that is authorized to impose an assessment and other costs that may become a lien on the unit or lot.
Community association means any incorporated or unincorporated association trust or other entity comprised of the owners of interests in a residential, commercial, or industrial condominium, real estate cooperative, planned unit development or other real estate common interest community.
Community association means a group of PERSONS organized for the advancement of activities of a civic, social, cultural or recreational nature and whose activities are not conducted for monetary profit.

Examples of Community association in a sentence

  • Community association manager licensing cash fund - creation - repeal.

  • Notwithstanding the foregoing, RSFA may, without Race’s consent, but with notice to Race, assign this Agreement to (i) an affiliate which controls, is controlled by, or is under common control with, RSFA, (ii) another Community association, (iii) a party purchasing all or substantially all of the Community’s property.

  • Definitions.4 The following definitions apply in this Article:5 (1) Community association.

  • Community association manager services are permitted under the Executive Orders.

  • Community association management and real estate brokerage require different knowledge and skill sets.


More Definitions of Community association

Community association means a civil association formed by members of a community (associação civil) duly established in the Borrower’s territory in accordance with the Guarantor’s laws, and which meets the criteria set forth in the Operational Manual for participating in the Project;
Community association means an association in which
Community association means an unincorporated association or corporation that owns or has under its care, custody, or control real estate subject to a recorded declaration of covenants that obligates a person, by virtue of ownership of specific real estate, to be a member of the unincorporated association or corporation.
Community association means a condominium association, a
Community association means an institution, association, club, society or body, whether incorporated or not, the objects of which are of charitable, benevolent, religious, cultural, educational, recreational, sporting or other like nature and the members of which are not entitled to or permitted to receive any pecuniary profit from the transactions;
Community association means an unincorporated association or corporation that owns or has
Community association means an incorporated association created to enforce restrictions.