What is a Common Interest Community (CIC) in Real Estate?

Term Overview: Common Interest Community (CIC)

A Common Interest Community (CIC) in real estate is a residential development where homeowners share ownership of common areas—like pools, parks, or hallways—and are typically governed by a homeowners association (HOA) that enforces rules and collects dues for maintenance.

These communities often include several defining aspects that shape how they operate and how residents interact with the property and each other:

🏘️ 1. Shared Common Areas

Examples: Pools, gyms, clubhouses, landscaping, elevators, parking lots, private roads.
These spaces are owned collectively and maintained using HOA dues.

📜 2. Governing Documents

Includes Covenants, Conditions & Restrictions (CC&Rs), bylaws, and rules.
Outlines what owners can and can’t do (e.g., exterior modifications, renting units, noise restrictions).

💰 3. Homeowners Association (HOA)

A governing body (often resident-led) that manages the community.
Collects dues, maintains common areas, enforces rules, and manages budgets/reserves.

💵 4. Mandatory Fees or Assessments

Monthly or annual dues fund ongoing operations and maintenance.
Special assessments may be charged for unexpected repairs or improvements.

🛠️ 5. Maintenance Obligations

The HOA typically handles external/common maintenance (e.g., roofs, landscaping).
Owners may be responsible for interiors or certain limited-use areas.

🏗️ 6. Architectural Control

Residents often need approval to make visible changes to their property (paint color, fences, additions).
This helps preserve uniformity and property values.

👥 7. Community Rules & Dispute Resolution

Rules help maintain order and harmony (pet restrictions, noise limits, parking).
HOAs often have processes for resolving disputes between neighbors or enforcing rules.

🧱 8. Types of Properties

Can include condominiums, townhomes, and even single-family homes within planned developments.