The association shall obtain: (1) A casualty insurance policy or policies affording fire and extended coverage insurance for and in an amount consonant with the full replacement value of all structures within the inium; provided, however, that the association may exclude from such coverage (A) improvements made ...
Inium Rules means the Rules for the use of the Premises that are adopted from time to time by the Board of Directors. inium Rules . Your unit is confirmed with the understanding that you will adhere to the rules and regulations set by individual inium or homeowner associations.
The POA was created to define the power and authority of homeowner associations, similar to those laws governing inium associations. The primary purpose of the POA is to strengthen HOA collection powers. The Property Owners' Association Act is a VOLUNTARY law.
Which three documents must be filed with the Georgia Land Office to create a inium community? Plat, floor plans and declarative statement.
In Florida, a inium declaration is considered to be a contract between a inium association and the unit owners.