Law & Legal Issues
Math and Arithmetic
International Government
Percentages, Fractions, and Decimal Values

What percentage of amenities are used by the residents of a common interest community?

373839

Top Answer
User Avatar
Wiki User
2005-07-16 07:27:33
2005-07-16 07:27:33

Unless the CC&Rs or Bylaws specify otherwise, all residents have an equal right to use the common area amenities. The Board of Directors would have authority to adopted reasonable rules and regulations such as hours for use pool or maximum capacity of the community club house.

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

Reducible interest is interest calculated as a percentage of the amount that remains owing on a loan.

User Avatar

It net interest income as a percentage of average interest-earning assets

User Avatar

Common Interest Communities, including HOAs, co-ops and condominium associations are homes to about 20% of the US population -- one in five residents -- according to Community Association Institute, the industry group.

User Avatar

Generally, yes. The developer filed a land-use programme in your local hall of records establishing the covenants, conditions, restrictions and reservations (CC&Rs) for the property when it was developed. When you purchase property in an association, you're investing as a stakeholder in real estate assets that you own in common with all other owners. You own a percentage share based on your allocated interest. This is not considered a 'membership', but an investment in a common interest community. There may be membership options within the community, such as for use of amenities -- pool, golf course, ski area and so forth.

User Avatar

a Special Interest Group (SIG) is a community with a particular interest in a specific technical area.

User Avatar

Condominium assessments are levied against unit owners in proportion to the allocated interest of each unit, and -- in some cases -- use of amenities. There is no standard, because there is no 'standard' or 'average' condominium association. Assessments pay for the operation of the community.

User Avatar

In the context of ownership in a common interest community -- regardless of its designation -- every owner owns -- in addition to their assigned 'unit' -- a fraction of the total ownership of the real estates that the community owns in common.Your fraction is generally expressed as a percentage, also known as allocated interest, and its definition by unit number is listed in your governing documents. Look for Voting Rights in the table of contents.Otherwise, within an allocated-interest, percentage ownership, as by two individuals, your governing documents may or may not address conflicting votes.

User Avatar

If you are receiving interest on an assett, a higher interest is better. If you are paying interest on a debit, a lower interest is better.

User Avatar

Commitment to public interest is when you care about your community. Many politicians talk about being committed to public interest.

User Avatar

There are too many variables to average. Each association is unique, different and individual. About 20% to 25% of all Americans, for example, live in individual common interest communities. The numbers of residents, ages, acres, amenities, locations, views, services and so forth are all different and of different combinations.

User Avatar

Health and sanitation should be a community/government undertaking as these things are a widespread interest. Good health and sanitation keep the whole community healthy, clean, and safe--this should be of interest to everyone.

User Avatar

Annual interest is interest that accumulates every year. This is a predetermined percentage that is added to a loan or credit card payment.

User Avatar

Which bank offer the best interest percentage on checking accounts?

User Avatar

Divide the number of interest by the total and multiply the result by 100. That is the percentage of the total.

User Avatar

When you purchase a condominium, you purchase the unit. As well, you purchase an interest in the real estate assets owned by the community. These assets may include common areas, limited common areas, amenities, roadways, parks and so forth. Generally, all these assets are included in the price of a condominium.

User Avatar

The interest rate at the Community State Bank in Iowa will vary. First one would need to know which interest rate this question is referring to. It will be different for mortgages and loans compared to savings for example

User Avatar

Percentage by Mass = Mass of substance of interest/Total Mass Percentage by Volume = Volume of substance of interest/Total Volume Converting from one to the other requires information about their relative densities.

User Avatar

It varies ... loans for different items are charged at varied interest rates.

User Avatar

It would depend on the interest rare percentage received.

User Avatar

Generally, no. It is a Home Owner'sAssociation. A tenant would not have a vested interest in the community.MoreRead your governing documents to determine the percentage of directors required to be owners/ residents and so forth. It is possible that a tenant would be a viable candidate for a directorship. However, the role of president -- being that of the leader of the multi-million dollar operation -- may not be the best choice for a non-owner, as above.

User Avatar

States are not involved in the operations of amenities owned by common interest community associations.If you have strong feelings about limited parking in your condominium lot, make your wishes known to the board and bring up the topic for discussion in an open board meeting.

User Avatar

States are not involved in the operations of amenities owned by common interest community associations.If you have strong feelings about hot tub temperatures, make your wishes known to the board and bring up the topic for discussion in an open board meeting.

User Avatar

a shared membership in a community or interest group

User Avatar

No. Creepypasta is a community.The interests related to the Creepypasta community are reading horror stories and writing horror stories.

User Avatar

The answer will depend on the interest rate. Multiply the annual interest rate (in percentage terms), by 10000/365


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.