Community Association Institute (CAI)
Organization dedicated to creating and furnishing the most timely and effective advice and direction for the professional management and financing of facilities and services for condominiums, townhouse projects, open space, and other planned communities. Located in Alexandria, VA, and founded in 1973, the CAI has 13,000 members with 7 regional groups, 45 state groups, and 51 local groups. The organization conducts workshops and training seminars, sponsors competitions, and grants the National Community Association of the Year and Research Awards. The CAI publishes the bimonthly association and industry newsletter, CAI news, and the bimonthly journal, Common Ground, which highlights the community association industry. It also publishes the monthly newsletter, Association Law Reporter, which covers court cases, community association legal trends, and current legislation.
Popular Real Estate Terms
The cost of property, such as a home owned for tax purposes. For example, a home was purchased for $150,000. capital improvements to it cost $15,000. The house was later sold for $230,000. ...
Simulation that enables investors to determine variations in the rate of return on an investment property in accordance with changes in a critical factor. It is an experiment with decision ...
What is real estate speculation? The term real estate speculation may have a difficult definition, but explaining it may be easier. Think of the stock market, buying stocks when they are ...
Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a mortgage agreement provides a mortgagor the ability to surrender a mortgage property in ...
Right to peaceful enjoyment of property while the legal title is held by one person and the property is used by another. ...
Taken out on property to replace or repair it if it malfunctions. It covers parts and/or service. An example is a warranty a homeowner takes out on a stove, refrigerator, or dishwasher. It ...
Style of architecture popular during the American Colonial Period. The 2-story house is square or rectangular. The steep gable roof extends down to the first floor in the rear. ...
Judicial finding that the debtor owes an amount exceeding the value of the collateral put up for the defaulted loan. ...
Method of selling and obtains possession, but the seller retains the title. ...

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