COMMON INTEREST COMMUNITIES 101 SERIES: WHAT ARE CICS?

Most land developers may be familiar with the basic concepts of common interest communities, or “CICs”.  Often when one thinks of CICs, the first thought that comes to mind is townhomes: each person owns his or her residential unit and contributes (usually through an association fee) to the taxes, insurance premiums, maintenance costs, or construction costs associated with a different area of land that is generally available for use to all others in the CIC,