It may seem like condos were around all the time, but they’re in reality a fairly new phenomenon. Spearheaded by Utah attorney Keith Romney, the first condo in the U. S. was inbuilt Salt Lake City in 1960.
Romney – hailed by BusinessWeek as the “Father of Condominiums” – borrowed the term house from the Romans, and helped author all 50 states’ condo laws. Today, the apartment industry is led by the Community Associations Institute CAI, which provides schooling and substances to homeowners who decide to govern their own property institutions. Its associate, the National Board of Certification for Community Association Managers NBC CAM, certifies property managers CAMs who, for a cost, will run homes for boards who don’t have the time or inclination to take action themselves.