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The Community Associations Institute (CAI) is an organization that represents homeowners, condominiums, and other community associations around the world. Based in Falls Church , Virginia in the United States , the CAI has more than 60 chapters of condominium and homeowner associations [ 1 ] [ 2 ] [ 3 ] with over 45,000 members worldwide. [ 4 ]
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
A neighborhood association (NA) is a group of residents or property owners who advocate to organize activities within a neighborhood. An association may have elected leaders and voluntary dues. An association may have elected leaders and voluntary dues.
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An affiliate of the National Association of Realtors, the IREM is made up of real estate management professionals, and is the only organization serving both the multifamily and commercial sectors. The Institute of Real Estate Management has different tiers of membership.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community), is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
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