With regards to home ownership, an association is a single entity responsible for the maintenance of
multiple buildings where each exists as a separate association within a
single planned development. Each association keeps separate books and records and there is a separate budget for shared common expenses.
Here at Hawk-Eye, we offer professional association management services to
out clients through South Florida.
Multi-association projects are often governed by individual associations using a single master association to manage elements that are common to the entire development. Each individual association creates its own rules to govern the use of its common elements and to develop its own budgeting and services. The master association manages those elements that are shared by all of the individual associations, including common grounds, security, community pools and tennis courts. Each individual association contributes funds to pay for the services they provide.