Florida Cam Prep Questions And Answers

FLORIDA CAM PREP QUESTIONS AND ANSWERSA Community is defined as - Answer- Real or personal property owned by two or more entities, with a "legally binding agreement (covenant) to share responsibility and costs for maintenance and administration of property, assets, and association, and with specific rights granted to the members.Community Associations are structured by - Answer- Formal (in writing), legal documents defining property rights, rules and restrictions.Community Associations are also refered to as - Answer- CovenantConceptually Community Associations: - Answer- Maximize land use, share responsibility, and expenses.What are the 5 types of Community Associations? - Answer- Condo, Cooperative, HOA, Timeshare, Mobile Home ParkWhat are the 3 specific requirments of CA in Florida - Answer- Membership is mandatory, members must have the right to vote, an assessment, if unpaid can become a lien.What factors influence the type of association that can be developed? - Answer- Zoning, CDMPThese documents define the regulations for use of land, member's rights, & responsibilities, and create the entity that will manage the community. - Answer- Declaration of covenants & restrictions/declaration of condominium, Articles of incorporation, bylaws.Developer must