General Info:
Community Management Associates ( CMA ), offers a comprehensive suite of business management services suited to the needs of Townhome, Condominium, Homeowner and Neighborhood Associations. We are the only management company in the Commonwealth of Kentucky specializing in Association Management employing Management Professionals who hold nationally recognized Association Management Certifications and Designations ; and is an Accredited Association Management Company from Community Associations Institute ( CAI ) ( www.caionline.org ).Tom Richards, CMA's President and Ms. Terri Hill, CMA's Senior Association Portfolio Manager, are the only Association Management Professionals within Kentucky to hold the Professional Community Association Manager PCAM ) designation, CAI's highest nationally recognized Association Management CredentialOut of their Lexington and Louisville offices, CMA manages over 24 Community Association Clients, who collectively represent, approximately $2.75 Million in Operating and Reserve financial assets, an additional 200 Million in Association controlled assets, representing over 6000 residential units and homesCMA provides focused, proactive association management of those key services to association residents and directors that make living in deed restricted communities a more pleasant experience. These services include facilitation of homeowner complaints and violations, responsive resolution to homeowner inquiries, impartial and fair interpretation of association covenants, rules and restrictions. CMA has the specialized association management software business management skills required to operate your association and effectively safeguard your association's assetsBy selecting from a full complement of Association Business Management Services, Association officers can tailor the services they require to assist them in the management of your community.If you are a condominium, townhome, or homeowners association and you would like to find out how CMA can help you manage your community please contact us at the numbers or email located on the right of this page.* * Association Management does not require a KY Real Estate Broker License * *During the 2009 Regular Session of the Kentucky Legislature, KRS Chapter 324 was changed to clarify the law regarding management of common interest communities. On June 25, 2009 the following new section of KRS 324 became effective:Nothing in this chapter or the administrative regulations promulgated under the authority of this chapter shall extend the jurisdiction of the Kentucky Real Estate Commission to community association managers and the management or business activities of not-for-profit community associations, which includes townhouse, condominium, homeowner, or neighborhood associationsThis change in the law the the result of Final Order and Judgment of Jefferson Circuit Court-Eleventh Division ; Case No: 07-CI-06866 ; KREC vs. CMA"IT IS ORDERED, ADJUDGED and DECLARED, that CMA is specifically allowed to provide management services to common interest communities such as neighborhood and homeowner associations or condominium and townhome communities without licensure through the KREC."