Anyone here ever take on a condo association?

[Fla Dem]

14. thanks for the clarification. Never heard of "Site Condos".

I live in a stand along home on my own property. Our development is governed by an HOA. So I guess our houses could be called "Site Condos" although I would object to that term. It's a House not a Condo. Homes are listed as houses/homes (i.e.; 3 bedroom house) when put up for sale.

I was intrigued so did a bit of investigating. This is an informative article.

The Site Condo Conundrum
April 30, 2018

There’s a type of development that is becoming more and more common across the country. One that causes confusion in lenders as well as appraisers. A property type that transcends the norms and established boundaries of what we think of Single Family Residences (SFR).

I’m talking, of course, about the Site Condo.

More.....
https://www.classvaluation.com/resource/site-condo-conundrum/

Seems this invented term was to make it easier on developers to quickly reap the benefits of the sub division.