Today, 85 percent to 90 percent of all new for-sale housing is located in one of the three basic types of community associations. Somewhere between 40 percent and 60 percent of common interest realty associations are contract managed by specialized community association management companies while the other 40 percent to 60 percent are self-managed either solely by volunteers or with association-hired staff. Regardless of management structure, all associations are governed by a volunteer board of directors elected by the membership.
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