Reserves for common-interest developments
id:
reserves-for-common-interest-developments-283-2894620
title:
Reserves for common-interest developments
text:
Reserves for common-interest developments are funds (reserves) collected for the long-term maintenance or replacements of the common areas in a common-interest development (CID). The funds accumulate until they are needed for such. 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
brand slug:
wiki
category slug:
encyclopedia
description:
Funds for a common-interest development
original url:
https://en.wikipedia.org/wiki/Reserves_for_common-interest_developments
date created:
date modified:
2023-09-16T21:55:48Z
main entity:
{"identifier":"Q7315299","url":"https://www.wikidata.org/entity/Q7315299"}
image:
fields total:
13
integrity:
14