Pompano Beach Master Associations
By definition, a master association is a single entity responsible for
governing multiple buildings within a single planned community. In these
cases, each building exists as a separate association within the development,
maintaining its own separate books and records. There is a separate budget for shared common expenses,
which is set aside for the master association.
Here at Hawk-Eye Management, we provide professional property management
services to Pompano Beach master associations and others around the area.
In multi-association projects, each individual association typically relies on the master association to manage elements that are common to the entire development. While 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. These may include security, community pools, tennis courts and other common grounds. Each individual association contributes funds to pay for the services they provide.