According to the DPOR website, a Common Interest Community (CIC) is designed for community living by a developer (also known as a "declarant"). The community is created by a specific set of legal documents, generally drawn up by the developer and subject to change by the membership (homeowners).

When the developer relinquishes control of the community, the community's affairs are then governed by the Association of homeowners through an elected board. The Association board is authorized by law to enforce rules and restrictions (for example, rules and policies protecting aesthetics), and to collect mandatory assessments to pay for maintenance and improvements to common elements (such as a pool, clubhouse, or just a road or signage).
The obligation for property owners to pay for insurance, maintenance assessments, and upkeep of shared property other than their own units/lots is the essential characteristic of a Common Interest Community. The relationship between owners and the Association is a financial and legal one.