Gold Coast Cam License Questions

GOLD COAST CAM LICENSEWhat is a legally binding agreement? - Answer- It is structured by formal, legal documents that define property rights, rules and restrictionsIt grants rights and/or imposes liabilities and responsibilities on the community association and membersIt provides governance, business, and communal aspects of administering, maintaining and enhancing the propertyCould also be considered a "contract"What is a legally binding agreement referred to in certain community associations? - Answer- A covenantWhat is a community association? - Answer- Real or personal property, owned by two or more entities, with a legally binding agreement to share responsibility for of maintenance and administering and maintaining the property and its assets with specific rights granted to the membersWhat is F.S.? - Answer- Florida Statutes - provides a definition of and requirements for each type of community associationWhat is F.A.C.? - Answer- Florida Administrative Code - provides additional guidance based on the Florida StatutesAlso known as an official compilation of rules and regulations of Florida regulatory agenciesWhat are members of a community association responsible for? - Answer- Members in a community association have a