Specialists in Association Managementsm
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 Commonweatlth of Kentucky specializing in Assocation Management; employing Management Professionals who hold nationally recognized Association Management Certifications and Designations; and is an Accrediated Association Management Company® from the 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 Credential.
Out of their Lexington and Louisville offices, CMA manages over 22+ Community Association Clients, who collectively represent, approximately $1.75 Million in Operating and Reserve financial assets, an additional $2.5 Million in Association controlled assets, representing approximately 4000 residential units and homes.
CMA provides focused, proactive association management of those key services to association residents and directors that make living in deed restricted communities a more pleasent experience. These services include facilitiation of homeowner complaints and violations, responsive resolution to homeowenr inquiries, and imparial and fair interpretation of association covenants, rules and restrictions. CMA has the specialized association management software and business management skills required to operate your association and effectively safeguard your association's assets.
By 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 condominimum, 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 the management of common interest communities. On June 25, 2009 the following new section of KRS 324 became effective:
KRS 324.2812 Limitation of the commission's (Kentucky Real Estate Commission) jurisdiction.
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 associations.
This change in the law the the result of the 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."
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