This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condominium Act Form 5 In Montgomery
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State:
Multi-State
County:
Montgomery
Control #:
US-00452
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Word;
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While homeowners' associations in Maryland are governed by the federal FDCPA, the state also has an additional legislature that regulates the collection of debt at the state level.
(a) The affairs of the inium shall be governed by a council of unit owners which, even if unincorporated, is constituted a legal entity for all purposes. The council of unit owners shall be comprised of all unit owners.
(a) Unless the declaration or bylaws state otherwise, the dispute settlement mechanism provided by this section is applicable to complaints or demands formally arising on or after October 1, 2022.
(b) On the request of the unit owners of at least 5 percent of the units, the council of unit owners shall cause an audit of the books and records to be made by an independent certified public accountant, provided an audit shall be made not more than once in any consecutive 12-month period.
If the cause of any damage to or destruction of any portion of the inium originates from a unit, the owner of the unit where the cause of the damage or destruction originated is responsible for the council of unit owners' property insurance deductible not to exceed $10,000.
If the cause of any damage to or destruction of any portion of the inium originates from a unit, the owner of the unit where the cause of the damage or destruction originated is responsible for the council of unit owners' property insurance deductible not to exceed $10,000.
Section 11-111 - Rules and regulations (a) (1) The council of unit owners or the body delegated in the bylaws of a inium to carry out the responsibilities of the council of unit owners may adopt rules for the inium if: (i) Each unit owner is mailed or delivered: 1. A copy of the proposed rule; 2.
§11–109.4. (4) States the estimated annual reserve amount necessary to accomplish any identified future repair or replacement. (b) This section applies only to a residential inium. (iii) Any county other than Prince George's County or Montgomery County on or after October 1, 2022.
(b) Unless good cause is shown for the appointment, a court may not appoint, as a guardian of the property of a minor or disabled person, a person who has been convicted of a crime that reflects adversely on an individual's honesty, trustworthiness, or fitness to perform the duties of a guardian of the property of a ...