Definition: An organization responsible for governing or managing a community under its governing documents and applicable law, such as a condominium or homeowners' association.
Example
An association maintains common property, adopts an operating budget, and collects authorized assessments.
Keep the distinction clear
The association is different from its board and from a hired management company. Its powers depend on the applicable statute and governing documents.
Related terms
Condominium · Bylaws · Common Elements (Condominium)
Keep studying
References: Florida Statutes 468.431
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