Which of the following is a typical source of revenue for a community association?

Owner assessments are a fundamental source of revenue for community associations. These assessments are fees levied on homeowners within the association to cover the costs of maintaining and managing the community. This revenue is essential for funding essential services such as landscaping, maintenance of common areas, security, insurance, and administrative expenses. The amount of assessment can vary based on the size of the community and the services offered, but every homeowner typically pays it to ensure the community's smooth operation and upkeep.

While property sales, government grants, and corporate sponsorships may provide revenue streams in certain contexts, they are not as consistent or reliable as owner assessments. Property sales can contribute to initial funding for the community but do not generate ongoing revenue. Government grants can be limited or specific to certain projects, and corporate sponsorships are often not a standard funding source for most community associations. Hence, owner assessments remain the primary and most reliable source of funding for community associations.