This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Bylaws Condo Association With Board Members In New York
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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.
Homeowners associations levy HOA fees to cover common expenses. These fees are typically set annually and can change based on the association's budget and financial needs. They fund everyday operations, maintenance, and reserves for future expenses.
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.
The inium Act is the New York State law which governs the establishment of iniums.
Common Area Maintenance and Upkeep in New York In New York, homeowners' associations (HOAs) bear the responsibility for the maintenance and upkeep of common areas. These areas are vital as they provide communal benefits and amenities to the residents of the community.
Tenant Approval – Not the Board's Job The obligation to vet tenants rests entirely with the landlord, who also shoulders the financial consequences of a poor choice.
The Office of the New York State Attorney General (OAG) requires that the sponsor file an offering plan for the homeowners association, and that the sponsor maintain the commitments it made in the offering plan. The OAG's jurisdiction is limited to ownership and maintenance of HOA common property.