Boynton Beach Master Associations
Master associations refer to the single entity that is responsible for the maintenance of
multiple buildings within a planned community, where each building exists as a separate association
in itself. Each association keeps its own books and records, with a separate budget
set aside for shared common expenses.
Here at Hawk-Eye Management, we have successfully been providing property
management services to Boynton Beach
master associations for years.
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. They also set aside money to contribute to the master association to pay for the services they provide, which includes those elements that are shared by all of the individual associations, such as common grounds, security, community pools and tennis courts.