Homeowner's Association Management: Managing Common Interest Developments (CIDs)

Common Interest Developments (CIDs) include: condominium projects, planned developments, stock cooperatives, and community apartment project.

Although known by a variety of names in different states, all community interest developments allow homeowners to share in use of common property and facilities, and provide a form of self-governance through a homeowner's association (HOA).

Homeowner Associations (HOAs) are made up of the homeowners in development, who usually elect a board of directors from their membership to run the affairs of the association. Many HOA boards hire professional property managers to handle the day-to-day administrative functions.

As the number of CIDs and HOAs grows, so too dues the need for professional property managers who specialize in this field. To take advantage of these increasing opportunities, you must be well-versed in both national laws, such as the those governing Over-the-Air-Reception Devices, and state-specific laws, such as California's Davis-Stirling Act (both of which can be found in this book).