We've compiled a list of some frequently asked questions below.
Q: What is a Community Association?
A: The Covenants, Conditions and Restrictions (CC&R's) or Governing Documents (Declaration, Bylaws, Plats, Board Resolution and Articles if Incorporation (if incorporated) are the governing legal documents that set up the guidelines for the operation of the community association. Generally, planned communities have CC&R's and condominium have the applicable Governing Documents. Depending on the State, not all community associations have to be incorporated.
A: The Board of Directors may approve an increased budget, increasing your assessment in order to cover increased costs of operating and maintaining the common area and sufficient reserve funds.