Rules For Condo Owners In Montgomery
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FAQ
Buying a condo affords you certain rights such as exclusive ownership of your unit, the authority to rent or lease the unit, and the freedom to use shared facilities without fees. To have a pleasant condo living experience, keep in mind these legal rights for condo owners.
The Maryland inium Act, established under MD Code, Real Property §§ 11-101 to 11-143, is the legal foundation for iniums in the state. This Act governs inium associations' formation, management, and operation, guaranteeing compliance with established rules.
Right to Fair Treatment: Homeowners are entitled to equitable enforcement of rules, CC&Rs, and bylaws. This right ensures that all residents are treated fairly and without discrimination by the HOA board.
Condo Owners Are Responsible for Interior Maintenance Unless they employ a property management service, owners will need to maintain their condo's interior and any attachments to the unit, such as a deck, garage, or private yard.
HOA Rules and Regulations are a community document that outlines the rules homeowners must follow to participate in the association. They're created to cultivate your community's aesthetic, preserve the value of the property and lay out behavioral guidelines for neighbors.
Unlike a landlord-tenant relationship, where eviction is a well-defined legal process, condo ownership comes with specific property rights. These rights limit the association's legal authority to evict an owner from their unit directly.
Every inium is governed by a set of rules and regulations. Rules make up part of the condo's governing documents, and help support covenants, conditions and restrictions, or CC&Rs, and bylaws.
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.
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.
