Our world is often defined by numbers. How much of this. How many of that. Interestingly enough, there are quite a few numbers associated with Common Interest Developments. As we come close to closing out 2017, here are some of them from this past year: $85 Billion. Assessments collected from owners within CIDs. Assessments are […]
Tag: CID
HOA Board Function: Maintain Common Area
Another main function of the board is to maintain common area within an association. Common area may include greenbelts, floral landscape, open space areas, recreational facilities and streets. The funds for maintaining these areas are generated through collection of assessments. The decision on how this maintenance is performed is left up to the board. The […]