What does CAB stand for in community management?

The term CAB in the context of community management stands for Community Association Business. This designation refers to the essential framework of entities and activities involved in the governance and administrative management of community associations, such as homeowners' associations, condominiums, and cooperatives.

Understanding this term is vital for professionals in the field of community management, as it encapsulates the overall integration of services, practices, and regulatory compliance needed to effectively manage a community association. The focus on "Business" in the name signifies that managing community associations is not merely about maintenance or oversight but also involves financial management, legal considerations, and interpersonal relations among residents.

Familiarity with this term helps community managers and board members effectively collaborate and navigate the complexities of association management, enhancing the quality of life for residents while ensuring operational success.