This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condo Bylaws Vs. Rules And Regulations In Kings
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State:
Multi-State
County:
Kings
Control #:
US-00452
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Word;
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FAQ
To have a pleasant condo living experience, keep in mind these legal rights for condo owners. The Right to Access Condo Documents. The Right to Equality and Non-Discrimination. The Right to Notice and Meetings. The Right to Run and Vote During Elections. The Right to Protest.
Homeowners' Associations in New York, or otherwise known as Common Interest Communities, are regulated by the Attorney General's office and must be set up as non-profit organizations. They are governed by NY Not-For-Profit Corporation Law, the Association's Articles of Declaration, and Bylaws.
Effective December 1, 2021, all individuals and companies that provide inium management services in Alberta must be licensed by the Real Estate Council of Alberta (RECA).
Inium is a Latin word that means "Owning property together." That's what it is like when someone buys a condo unit. They have an "interest" in the land beneath the building, but the building's association owns the actual land.
Condo Owner Rights: The Right to Protest When board members fail to meet their fiduciary duties, condo members can remove the board members who are abusing their authority. Condo owners also have the right to protest any regulations that are discriminatory, unfair, or onerous.
Understanding inium Enforcement The answer to your question is a resounding "yes." A inium corporation possesses the legal authority to take enforcement actions against any tenant or owner, including the possibility of eviction.
Corporations may pass a special resolution at a general meeting or may use a written vote. An ordinary resolution can only be used to amend bylaws that conflict with the Act and regulations. Any other bylaw amendments or the addition of new bylaws will require a special resolution, as normal.
Set and collect owners' inium contributions (fees). Prepare financial documents such as an annual budget, financial statements, and annual report and provide copies to all owners within the appropriate timeframe. Administer the reserve fund, complete a reserve fund study, report and reserve fund plan.