Master Association
Fannie Mae
Updated 10-31-2026
Master Association
A governing association in a large condo or PUD community that is made up of representatives from associations covering specific areas within the project. In effect, it is an "umbrella" association that handles matters affecting the entire development, while the "sub" associations handle matters affecting their particular portions of the project.
Fannie Mae Glossary of Terms
Fannie Mae · p. 29
FreddieMac
Updated 10-31-2026
Master Association
An association that governs (1) multiple affiliated projects, (2) a mixed-use development (3) sub-associations within the same condominium project, such as residential and commercial units' sub-associations, or (4) a Planned Unit Development (PUD). It typically manages the affairs that affect the entire planned community or development, whereas the sub-associations handle the affairs pertaining to their specific project(s) or areas of the larger development.
FreddieMac Glossary
FreddieMac · p. 26
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