What is a "common interest community"?

A common interest community refers to a residential community where residents not only own their individual properties but also share ownership and responsibility for common areas and amenities. This arrangement typically includes features such as parks, swimming pools, clubhouses, and landscaping, which are maintained by the collective efforts of the resident members. The shared ownership ensures that all residents have a stake in the upkeep and use of these areas, fostering a sense of community and jointly promoting property values.

In this type of community, individual property owners often pay association fees that contribute to the maintenance and management of the common areas, and they may be subject to rules and regulations established by a homeowners' association (HOA). The structure encourages cooperation among residents and ensures that common facilities are available for the enjoyment of all, not just the owners of those properties.

Other potential options do not capture the essential characteristics of a common interest community. For example, a community primarily focused on rental properties or a neighborhood with no shared amenities would not embody the shared ownership concept integral to common interest communities. Similarly, defining it as solely an individual property overlooks the essential aspect of shared interests and responsibilities among community members.