HOMEOWNERS ASSOCIATIONS AND HOUSING COOPERATIVES — N.O.C.
This classification applies to homeowners associations (HOAs) or housing cooperatives (Co-ops) operating or maintaining the premises owned by HOA or Co-op members. Such operations include but are not limited to the maintenance of common grounds; operation of swimming pools, tennis courts, saunas, weight rooms and recreational clubhouse facilities; functions performed by security personnel; and front desk operations such as receptionists and lobby attendants.
Property management firms, including firms that manage HOA or Co-op properties, shall be assigned to the applicable Property Management/Operation Industry Group classification.
Golf courses, stables, restaurants, outpatient clinics, boat marinas, day nurseries, water works, fire departments or new construction, alteration or demolition work shall be separately classified.
The operation or management of hotels, motels or short-term residential housing where 25% or more of the housing units are rented for 30 consecutive days or less, including but not limited to vacation rentals and timeshare properties shall be classified as 9050, Hotels, Motels or Short-Term Residential Housing.
| Shown below is the previously published phraseology and footnote | Effective Date |
|---|---|
Phraseology: HOMEOWNERS ASSOCIATIONS — not Building Operation Footnote: This classification applies to entities with the specific purpose of operating and maintaining the premises owned and occupied by association members. Such operations include but are not limited to the maintenance of common grounds; the operation of swimming pools, tennis courts, saunas, weight rooms and recreational clubhouse facilities; the functions performed by security personnel; and front desk operations such as receptionists and lobby attendants. Timeshare operations where the majority of payroll is developed in hotel type operations and rooms are rented by the day, week or longer shall be classified as 9050(1), Hotels. Property management firms shall be separately classified. Operations including but not limited to golf courses, stables, restaurants, out-patient clinics, boat marinas, day nurseries, water works, new construction, alteration or demolition work and fire departments shall be separately classified. | 1/1/2019 |
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