This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condominium Bylaws Condo For Sale In Phoenix
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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. Rules are enforced by the corporation or association.
Condos are much smaller in square footage, and maintenance is typically cheaper because you're only responsible for the interior of your home. You don't have to worry about landscaping, the roof or the exterior walls. The condo board or HOA covers those.
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A inium, usually shortened to simply “condo,” is a privately owned, individual residential unit within a community of other units. In general, the owner usually owns the interior of their unit and the structural components of exterior walls.
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33-1243 - Board of directors and officers; conflict; powers; limitations; removal; annual audit; applicability. A. Except as provided in the declaration, the bylaws, subsection B of this section or other provisions of this chapter, the board of directors may act in all instances on behalf of the association.
Covenants, conditions, and restrictions, or CC&Rs, are rules that homeowners within a subdivision must abide by. For instance, a typical CC&R document might say that any structures added to your home must conform to the existing structure in terms of height, material, and color.
Here are some of the documents you can ask for as a homeowner: CC&Rs: The covenants, conditions and restrictions (CC&Rs) outline the rules and regulations of the community. Bylaws: The bylaws establish operational procedures for the HOA, like voting rights, elections, meetings, powers of the board, and more.
The Arizona inium Act is a set of statutes enacted by the Arizona legislature that applies to the governance and operation of iniums and inium associations in the state of Arizona.
Inium Rules means the Rules for the use of the Premises that are adopted from time to time by the Board of Directors. inium Rules . Your unit is confirmed with the understanding that you will adhere to the rules and regulations set by individual inium or homeowner associations.