We have strict accounting protocols in place that provide the highest level of security to your association funds. Learn more about fiscal responsibility at SCS.

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“Community association” is a generic term that encompasses many names used around the world to describe common-interest housing. A few examples include:

  • Common-interest community (CIC) is used by the National Conference of Commissioners on Uniform State Laws.
  • Common-interest realty association (CIRA) is the term preferred by the American Institute of Certified Public Accountants.
  • Common-interest development (CID) is used by the California Department of Real Estate.
  • Condominium association refers to units like apartments, townhouses or other private units that are part of a single structure or group of structures.
  • Homeowners association (HOA) is often synonymous with “common-interest community” and usually describes a community of single-family homes.
  • Property owners association (POA) can refer to a residential community or a group of offices or other non-residential property.
  • “Strata title” is a term used in Australia, New Zealand, and British Columbia that describes individually owning part of a property, such as an apartment, and sharing ownership in the property’s common or public areas.
  • In France and some parts of Quebec, condominiums are called “copropriété divisée” (divided co-property).
  • The traditional term in Spanish-speaking countries for a common-interest community is “propiedad horizontal.”
  • Condominio” is the term used in Italy.

Regardless of the name, most community associations in the U.S. are incorporated and subject to state statutes that govern nonprofit corporations. Remember, membership in an association is not voluntary; you become a member when you purchased a home in the Carolina community.