About: Common-interest development

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Common-interest development (CID) is the fastest growing form of housing in the world today. They include condominiums, community apartments, planned developments, and stock cooperatives. A CID's ownership benefits are having rights to an undivided interest in common areas and amenities that might prove to be too expensive to be solely owned. For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. Timeshare, or vacation ownership, is the same concept. Buying a second home for vacation purposes might not be financially possible; buying a week or two can be when sharing the overall co

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rdfs:label	Common-interest development (en)
rdfs:comment	Common-interest development (CID) is the fastest growing form of housing in the world today. They include condominiums, community apartments, planned developments, and stock cooperatives. A CID's ownership benefits are having rights to an undivided interest in common areas and amenities that might prove to be too expensive to be solely owned. For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. Timeshare, or vacation ownership, is the same concept. Buying a second home for vacation purposes might not be financially possible; buying a week or two can be when sharing the overall co (en)
foaf:depiction
dcterms:subject	Real estate in the United States Living arrangements Condominium
Wikipage page ID	29055038 (xsd:integer)
Wikipage revision ID	1061471429 (xsd:integer)
Link from a Wikipage to another Wikipage	California Demographics of the United States Homeowner association Douglas W. Rae Community Associations Institute Condominium Housing segregation in the United States Political polarization Local government Albert O. Hirschman Real estate in the United States Living arrangements Ethnic group Extremism Florida Condominium Market failure Homelessness in the San Francisco Bay Area Timeshare Ian Shapiro Real estate economics Yale University Tenant screening Exit, Voice, and Loyalty Restrictive covenant American democracy Cass R. Sunstein Planned development Budgeting Homeless people
sameAs	Common-interest development Common-interest development Common-interest development Common-interest development
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thumbnail	wiki-commons:Special:FilePath/Condominiums_in_San_Ramon_1_2016-05-17.jpg?width=300
has abstract	Common-interest development (CID) is the fastest growing form of housing in the world today. They include condominiums, community apartments, planned developments, and stock cooperatives. A CID's ownership benefits are having rights to an undivided interest in common areas and amenities that might prove to be too expensive to be solely owned. For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. Timeshare, or vacation ownership, is the same concept. Buying a second home for vacation purposes might not be financially possible; buying a week or two can be when sharing the overall costs with other participants. Within the United States, when a CID is developed, the developer is required to incorporate (in a form) a homeowner association (HOA) prior to any property sales. The role of the HOA is to manage the CID once the control is transferred from the developer. The HOA governs the CID based upon the incorporated covenants, conditions, and restrictions (CC&Rs) which were recorded when the property was subdivided. The CC&Rs will outline the financial budgeting guideline for the HOA in determining the dollar amount in maintenance fees for assessing the owners. In a wholly owned CID, maintenance fees would normally be assessed on a monthly basis. (en)
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prov:wasDerivedFrom	wikipedia-en:Common-interest_development?oldid=1061471429&ns=0
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foaf:isPrimaryTopicOf	wikipedia-en:Common-interest_development
is Link from a Wikipage to another Wikipage of	Homeowner association Common land Condominium Strata management CID Common interest development Reserves for Common-Interest Developments
is Wikipage redirect of	Common interest development
is Wikipage disambiguates of	CID
is foaf:primaryTopic of	wikipedia-en:Common-interest_development

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