In Florida, residents can initiate legal action against their condo association if they believe the association has been negligent, however, the actual legal theory under which a resident would file a lawsuit is breach of contract and/or breach of a statutory duty.
Many states have laws that protect board members from personal liability, but only to a certain extent. For example, California's Civil Code Section 1365.7 states that volunteer association board members aren't personally liable for damages beyond what the HOA's insurance covers.
In summary, condo board members in Florida may face personal liability in certain situations, contingent on the nature of the claim, liability source and available insurance coverage or indemnification.
Ohio HOA's are required to organize as nonprofit corporations. O.R.C. §5312.03(B). Thus, with regard to its organizational structure and general management, an association is subject to the authority of the Ohio Secretary of State.
The main set of rules of a condo association is found in a governing document known as the Declaration of Covenants, Conditions and Restrictions (CC&Rs). The CC&Rs primarily set guidelines for how you can utilize the building or complex, including the common areas and perhaps your individual inium.
Budgeting for reserve contributions Ohio inium law requires associations to adopt and amend budgets for revenues, expenditures, and reserves in an amount sufficient to repair and replace major capital items without the need for special assessments.
Often depends on the condo board, but my board for example requires that anyone doing renovations needs to have WSIB and commercial insurance. We also need to submit a proposal to the condo corp with the full details about what exactly is being renovated, and provide a sample of the new materials proposed to be used.
Owning a Condo Is Just Like Owning a House So while you have the right to make changes to your unit, you won't have quite as much freedom as you would with a house. You may not have the option of making changes to the plumbing or electrical by yourself, as most condo rules require the use of a qualified professional.
Condo Ownership When you buy a condo, you own the interior of the unit. Unlike an apartment, where you need the landlord's permission to make changes, you can do whatever you like to the interior of your unit. You're also responsible for interior repairs and maintenance.
Length of stay: The length of stay and contract distinguishes a tenant from a guest. Tenants sign a lease agreement and stay for an extended period, often months or years. Guests stay for short durations, such as a few days or weeks, and don't have a formal rental agreement.