This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condominium Bylaws Association With In Kings
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State:
Multi-State
County:
Kings
Control #:
US-00452
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Word;
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FAQ
In Alberta, a inium corporation can be terminated in two ways. The first option is by passing a special resolution of the owners.
Annual general meeting (AGM) The first AGM must be held within 12 months of the condo plan registration. A condo corporation is then required to hold an AGM every year, within 15 months of the previous AGM.
The inium corporation can only make the owner liable for the deductible limit up to $50,000. If the deductible is $15,000, then the owner is liable for $15,000. But if the deductible is $75,000, then the owner is only liable for $50,000 (the maximum amount).
Section 67 of the inium Property Act provides for broad court-ordered remedies in cases of “improper conduct” by, among others, inium corporations. When a court is satisfied that improper conduct has taken place, it may do a number of things to cause that improper conduct to cease.
If you have a dispute with your condo board or property manager, here are some recommended steps to take to resolve the situation: 1) Speak to a member of your condo board or property management company about your concerns. 2) Write a letter to your condo board. 3) Consider your dispute resolution options.
The owners have the right to participate in the management of the inium. They should attend meetings, voice concerns and provide suggestions for improving the community space. Apart from this if the owners have any grievances they have the right to raise such concerns before the board.
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.
A motion passed at an annual or special general meeting, or by written resolution. Requires approval of at least 75% of people entitled to vote and representing at least 75% of total unit factors.
Alberta has tabled legislation that aims to improve governance in inium communities. Bill 30, the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: inium Property Act. Prompt Payment and Construction Lien Act (PPCLA)
For example, condo owners have access to common areas, can vote on matters and can sue developers or condo corporations for breaches. inium ownership also means there are certain responsibilities, such as paying their condo fees on time and following the inium bylaws and rules.