Common-interest communities, also known as common-interest developments or CIDs, include condominiums, coops, retirement communities, vacation timeshares, and other housing developments comprised of individually owned units, in addition to shared facilities and common areas. CIDs usually are created through a set of legal documents drafted by the developer, which may change according to the community’s needs. Typically, these types of communities are governed by an association made up of the individual unit owners, most often through an elected board.
One of the advantages of living in a CID is the ability to enjoy certain amenities (such as tennis courts or swimming pools) that otherwise may be too expensive for one individual household to acquire. But in order to make sure these common-interest amenities are properly maintained, residents typically pay a monthly fee and often are limited in what they can do to their own unit.
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