As we at CAMS know all too well, at times it can seem as if community management professionals are speaking their own language.
HOA, POA, CAI, AMS, CMCA… all that acronym-speak can be harder for homeowners to decode than a teenager’s texts.
Before you get too bogged down in abbreviations and industry jargon, what you really need to know as a homeowner often boils down to two terms – planned unit development (PUD) and condominium.
Condominium is a word I’m sure you already know, but PUD may not be as familiar. A PUD is a grouping of various structures – homes, recreational facilities, businesses, etc. – within one designated subdivision or area. Simply put, it’s the community in which you live.
They’re easy enough terms to understand, but they’re also important to understand. If there is a community association where you live, then your neighborhood falls under one of those designations - if you don’t live in a condo, then you are in a PUD. These two are different under NC law and, as such, are governed by two separate acts: the N.C. Planned Community Act and the N.C. Condominium Act. Knowing where to look and what to look for when you have questions about your community, its association and/or board governance is crucial.
Beyond that, my number one piece of advice is to follow best practices, some of the same practices you’d expect from any organization or business. Those include:
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