Common Interest Development Corporation
Common Interest Development Corporation. A not for profit corporation set up under specific state legislation as a business entity for homeowners' associations
A common interest development is typically a type of housing, composed of individually owned units, such as condominiums, townhouses, or single-family homes, that share ownership of common areas, such as swimming pools, landscaping, and parking. Common interest developments (also known as community interest developments or CIDs) are managed by homeowners' associations.
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