Loading

HOA Abbreviations and Acronyms

 

Following is a list of common abbreviations and acronyms used in the common interest development industry.

AAMC:  Accredited Association Management Company. This is a manager certification issued by the Community Associations Institute.

AC:  Architectural Committee.

ADA:  Americans with Disabilities Act.

ADR:  Alternative Dispute Resolution.

AG:  Attorney General.

AICPA:  American Institute of Certified Public Accountants.

AMS:  Association Management Specialist. This is a manager certification issued by the California Association of Community Managers.

ARC:  Architectural Review Committee.

CACM:  California Association of Community Managers.

CAI:  Community Associations Institute.

CCAM:  Certified Community Association Manager. This is a manager certification issued by the Community Associations Institute.

CC&Rs:  Declaration of Covenants, Conditions & Restrictions.

CD:  Certificate of Deposit.

CID:  Common Interest Development

CLAC:  California Legislative Action Committee. A CAI committee that tracks and lobbies the legislature on bills affecting common interest developments.

CMCA:  Certified Manager of Community Associations. This is a manager certification issued by the National Board of Certification of Community Association Managers.

COOP:  Also Co-Op and Co-Operative. Refers to a “Stock Cooperative,” one of the forms of common interest developments.

CPA:  Certified Public Accountant.

CPI:  Consumer Price Index. Commonly used for budgeting purposes.

CPM:  Certified Property Manager. This is a manager certification issued by the Institute of Real Estate Management.

dB:  Decibel. A unit of measurement for sound intensity.

DRE:  Department of Real Estate.

EV:  Electric Vehicle.

EVC:  Electric Vehicle Charger.

FCC:  Federal Communications Commission.

FDIC:  Federal Deposit Insurance Corporation.

FHA:  Federal Housing Administration.

FIIC:  Field Impact Insulation Class. This is a field measurement to test the actual level of noise transmission into the unit below.

GAAP:  Generally Accepted Accounting Principles. A set of rules, conventions, standards, and procedures for reporting financial information.

HELOC:  Home Equity Line of Credit.

HOA:  Homeowners Association.

HUD:  Housing and Urban Development Department of the federal government.

HVAC:  Heating, Ventilation and Air Conditioning.

IDR:  Internal Dispute Resolution.

LSM:  Large-Scale Manager. This is a manager certification issued by the Community Associations Institute.

MUD:  Mixed Use Development.

NBC - CAM:  National Board of Certification of Community Association Managers.

PCAM:  Professional Community Association Manager. A manager certification issued by the Community Associations Institute.

PD:  Planned Development.

POA:  Property Owners Association.

PUD:  Same as a PD.

TIC:  Tenants in Common. TIC own an undivided interest in property.

TRO:  Temporary Restraining Order. An emergency remedy which prevents a party from taking a specific action until the court has had an opportunity to hear arguments or evidence on an issue. TROs are issued for short periods.

 

 
 





All contents ©2017 MTCLaw.com. All rights reserved.