Community Association Fundamentals

If you live in a community association, you might be surprised how many of your neighbors—owners and renters alike—don’t really understand the fundamental nature of common-interest communities. And we know that many others, including the media and government officials, lack a true understanding of the community association (or condominium) concept. 

Community Associations Institute (CAI), a national membership organization that represents the best interests of common-interest communities, developed 10 basic principles that answer three essential questions: 

What is the basic function of a community association?

What are the essential obligations and expectations of homeowners?

What are the core principles that should guide association leaders?

You may recognize your own community while reading these principles.

1. Associations ensure that the collective rights and interests of homeowners are respected and preserved. 

2. Associations are the most local form of representative democracy, with leaders elected by their neighbors to govern in the best interest of all residents. 

3. Associations provide services and amenities to residents, protect property values and meet the established expectations of homeowners. 

4. Associations succeed when they cultivate a true sense of community, active homeowner involvement and a culture of building consensus. 

5. Association homeowners have the right to elect their community leaders and to use the democratic process to determine the policies that will protect their investments. 

6. Association homeowners choose where to live and accept a contractual responsibility to abide by established policies and meet their financial obligations to the association. 

7. Association leaders protect the community’s financial health by using established management practices and sound business principles. 

8. Association leaders have a legal and ethical obligation to adhere to the association’s governing documents, rules and abide by all applicable laws. 

9. Association leaders seek an effective balance between the preferences of individual residents and the collective rights of homeowners. 

10. Association leaders and residents should be reasonable, flexible and open to the possibility—and benefits—of compromise. 

Fundamentals can be downloaded at http://www.caionline.org/governance/fundamentals.pdf. For more information about Community Associations Institute, go to www.caionline.org.

 Source: Community Associations Institute

Advertisements

About midtowntim

I'm a licensed community manager, community volunteer and I live in a multi-family high-rise condo.
This entry was posted in Community Living and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s