Get Common Interest Community

Condominiums, community apartments, planned developments, and stock cooperatives are called common interest subdivisions because they include common areas and/or facilities which are owned and/or operated by an owners association.

Types of “common interest community” include condominiums, planned communities and homeowners' associations and timeshares.

Common interest communities (CICs), also known as community associations, are hyperlocal, quasi-governmental organizations that bind a group of homeowners (members) to a set of shared requirements facilitated by specific state statutes and outlined in a private contract that consists of governing documents (Declaration ...

Common-interest communities include condominiums, co-ops, retirement communities, and timeshares. Common-interest communities are also known as common-interest developments or CIDs. CIDs are comprised of individually owned units with an undivided interest in common areas.

Homeowners' associations (HOAs) are the governing body of many common interest communities (CIC), such as subdivisions, who manage the common areas and interests of the community.

The homeowners association's (HOA), also known as “common interest community” (CIC), governing documents contain the rules, regulations, and all other contractual terms by which homeowners in that community are bound.

A community of interest typically forms around a shared passion or goal. For example, there are communities of interest for bird watchers, stamp collectors, and knitters. Communities of interest provide members with a sense of belonging and identity.

Associations are operated and governed by an elected board of directors. The powers, duties, and responsibilities of the board of directors can be found in the governing documents, the Minnesota Nonprofit Corporation Act, and/or the Minnesota Common Interest Ownership Act.