Common-Interest Community Real Estate in Key West

A Key West common-interest community is real estate in which ownership of individual portions of the property carries an obligation to pay money to another person, usually an association, for maintenance, taxes, upkeep and insurance of real estate property other than the individually-owned portion of the property. Common-interest communities can come in many forms. There are condominiums, co-operatives, planned-unit developments and private-easement communities. In most of these common-interest communities involving residences, there is a homeowners' association charged with providing common services and maintaining the common areas. The homeowner's association may also have jurisdiction over use and occupancy within the individual units.

Almost all common interest communities are described in a "declaration," "master deed," or "declaration of covenants, conditions, and restrictions" found in the land records.