CIAC Accreditation Highlights What Makes a “Good Building”
What makes a condominium association a “good building”? According to the Century Village Accreditation Improvement Committee (CIAC), the answer goes far beyond friendly neighbors, attractive landscaping and a desirable location.
In a recent article, CIAC explained that prospective buyers and Realtors often ask whether a building is well managed and financially stable. When associations apply for accreditation, CIAC reviews several factors, including whether budgets are properly adopted, reserve funds are sufficient and Florida condominium laws are being followed.
The committee also looks at whether associations properly notify residents of board meetings, maintain meeting minutes, require board member certification, hold open elections and complete required inspections. Associations that screen prospective owners and renters and make governing documents readily available are also viewed favorably.
CIAC announced that Keswick C is the latest building association to receive accreditation and congratulated the board and residents on the achievement. The committee is encouraging additional associations throughout Century Village East to apply for accreditation.
