No, your residence is a single-family home with its own platted lot. The members own their homes and lots but are afforded services as detailed in the Declaration of Covenants, Conditions, and Restrictions.

A termite bond is a contract between a homeowner or an association and a termite control company. The bond allows the homeowner or association to pay what is essentially a retainer fee to a pest control company. The bond outlines the frequency and type of treatment to be provided and may include re-treatment and repair guarantees [...]