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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 ...
The Uniform Common Interest Ownership Act was created to provide a model set of laws to govern condominium, cooperative, homeowner association and planned unit development communities in the United States. Variations of the act have been adopted in Colorado, Washington (state), and some other states.
Danville is one of the wealthiest suburbs of Oakland and San Francisco. [27] Danville also ranks as the 2nd highest-income place in the United States with a population of at least 40,000. It is home to some of the most expensive real estate in the San Francisco Bay Area and the United States.
Constitution Square Historic Site is a 3-acre (0.012 km 2) park and open-air museum in Danville, Kentucky.From 1937 to 2012, it was a part of the Kentucky state park system and operated by the Kentucky Department of Parks.
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Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. [1] MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ...