This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Homeowners Association Bylaws Template With The Philippines In Nassau
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Multi-State
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Nassau
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US-00444
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Petitioner invokes the amendment of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which expressly provides that "association dues, membership fees, and other assessments and charges collected by homeowners associations and inium corporations" are Value-Added Tax exempt.
Statutory Basis: RA 9904 (Magna Carta for Homeowners and Homeowners Associations) and its IRR grant HOAs the right to impose and adjust reasonable fees and assessments. Procedure: Increases require: A board resolution. Proper notice to members.
In homeowners association cases, the Complaint shall be filed in the RAB which has jurisdiction over the region where the association is registered with the DHSUD. (Rule 2, Section 7, Rules of Procedure of the Human Settlements Adjudication Commission).
SECTION 37. Association officers - Unless otherwise provided in the by-laws, an Association should have the following executive officers who shall be responsible for the management of the Association's business: president, vice-president, secretary, treasurer and auditor.
— Every association of homeowners shall be required to register with the HLURB. This registration shall serve to grant juridical personality to all such associations that have not previously acquired the same by operation of the General Corporation Law or by any other general law.
Republic Act No. 8763 (March 7, 2000) transferred the powers of the Home Guaranty Corporation (HGC) over concerned Homeowners Association (HOAs) to HLURB. The Housing and Land Use Regulatory Board (HLURB) is government's regulatory body for housing and land development.
Homeowners' associations (HOAs) in the Philippines are responsible for managing and maintaining the common areas within their residential subdivisions.
The Officers of the Association shall be a Chairman of the Board, Chief Executive Officer, a President, a Secretary, and other officers such as Vice Chairman of the Board, Executive Vice Presidents, Senior Vice Presidents, Vice Presidents, Assistant Vice Presidents, Assistant Secretaries, Trust Officers, Assistant ...