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National Flood Insurance Program Residential Condominium Building Association Policy Standard Flood Insurance Policy June 2014 FEDERAL EMERGENCY MANAGEMENT AGENCY FEDERAL INSURANCE ADMINISTRATION
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A residential condominium building association is a group responsible for managing the common areas and shared amenities in a condominium building.
The residential condominium building association is typically required to file by the governing laws or regulations of the jurisdiction in which the building is located.
The association usually fills out the required forms with information about the building's finances, maintenance schedule, rules and regulations, and other relevant details.
The purpose of a residential condominium building association is to ensure that the common areas in the building are properly maintained and managed for the benefit of all residents.
Information that must be reported typically includes financial statements, meeting minutes, maintenance schedules, and any other relevant information about the building.
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