Common Interest Development Corporation
Contents
Definition
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.
Example
http://www.dre.ca.gov/files/pdf/re39.pdf
See Also
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
