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Common-interest development (CID) is the fastest growing form of housing in the world today. [ 1 ] [ 2 ] They include condominiums, community apartments, planned developments , and stock cooperatives.
Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.
In a common-interest development, the funds are managed through a board of directors (BOD) elected by the homeowners' association (HOA) from the existing owners. The board performs its duties based upon the covenants, conditions, and restrictions (CC&Rs). As outlined in the CC&Rs the board is responsible for producing budgets for the ...
Strata management, sometimes known as "body corporate management", is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities.
In most cases, any person or company can offer property management services, and there are licensing requirements. [ citation needed ] Other than specific laws in each Province and Territory governing these matters, they are governed by English Common Law, except in the province of Quebec, where the Civil Code is used in place of English Common ...
Because of this, some people prefer the term common-interest association to describe groups which form out of a common interest, although this term is not widely used or understood. [ 1 ] Voluntary associations may be incorporated or unincorporated ; for example, in the US, unions gained additional powers by incorporating. [ 3 ]
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
Community management or common-pool resource management is the management of a common resource or issue by a community through the collective action of volunteers and stakeholders. The resource managed can be either material or informational. Examples include the management of common grazing and water rights, [1] fisheries, [2] and open-source ...