Community Association Institute (CAI)
Definition of "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
Capital appreciation financial goals set by a company or an individual over an extended period of time. Long-term capital goals establish a method for achieving the capital goal outcome ...
Stairs or porch by the front door of the house. ...
A column designed to support a concentrated load. A pier column is made out of steel, steel reinforced concrete or wood. A structure extending out into the water supported by numerous ...
Violating a law, commitment, duty, or obligation through commission or omission. The responsibilities of an agreement or guarantee are not met. ...
Method of appraising real estate based on the market comparison of neighboring properties having similar characteristics. Seeks to answer the question: What would it cost to substitute a ...
Stature regulating the use of credit information. Allows consumers such as prospective homeowners access to their credit files. It requires a lender to explain how loan interest is ...
The act or process of decreasing in size. The total amount of decrease. ...
An administrator appointed by the government or the courts to administer the laws relating to a government agency or court. A commissioner is a part of a government or court commission. ...
Expected period that property will provide benefits. It is typically less than physical life of the property because the property continues to have physical life regardless of inefficiency ...
Have a question or comment?
We're here to help.