Who are the members of a Master Association?

A homeowners, condominium, or co-op board of directors typically elects its own board President, Vice President, Secretary, and Treasurer, and chooses which Officer of the board will represent the Sub-association on the Master Association.

When do you become a member of a condominium association?

All unit owners automatically become members of a condominium association upon purchasing a unit. Membership rights include the right to vote in elections for board members. The board of directors consists of a defined number of elected members (usually specified in the bylaws) and carries out the association’s obligations on its behalf.

When do you need a Master Association for a planned community?

Whenever a planned community consists of at least two different types of housing, such as condos and single family homes, or a mixture of residential and commercial properties, you’ll usually find a Master Association governing 2 or more Sub-associations.

How long does a Master Community Association last?

Usually, a developer controls the Master Community Association for many, many years — at least as long as it takes to complete multiple phases of development. For example, consider the Association of Poinciana Villages (APV) in Florida, a community of more than 50,000 residents that is still developer-controlled after more than 40 years.

What can a Master condominium association do for You?

A master condominium association will normally operate the mixed use development for the benefit of the master unit owners. Let’s say that the owner of one of the master condominium units decides to submit its unit to a subcondominium regime.

Is the Hoa the Master homeowners association?

Master Homeowners Associations: Is . . . Master Homeowners Associations: Is Your HOA Its Own Master? Imagine your surprise.

Which is a component of a Master condominium?

Under a master condominium structure, each component will usually be its own master condominium unit. Therefore, the three components in the development would be a master condominium. A master condominium association will normally operate the mixed use development for the benefit of the master unit owners.