IREM Certified Property Manager (CPM) Practice Test

The fundamental principle that governs the actions of members in a common interest development is that no member can act in isolation from the group. This principle emphasizes the importance of collaboration and collective decision-making within the community. In a common interest development, individuals own their units or lots but share an interest in the common areas and amenities. Therefore, actions taken by one member can impact the entire community, and decisions typically require the consideration and input of the group to maintain harmony and ensure that the interests of all members are represented.

This collaborative governance structure is typically enforced through established rules, bylaws, and covenants that require members to participate in discussions and decisions collectively. This ensures that the community operates effectively, maintains property values, and addresses the needs of all residents.