This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condominium Bylaws Condo With Boat Slip In Queens
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State:
Multi-State
County:
Queens
Control #:
US-00452
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Word;
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FAQ
A dockominium is a boat slip in a marina where slips are individually purchased rather than rented from the marina. Ownership may be by deed, where you have title to the property; or by shares; or by long-term lease, where you don't hold title.
What is a deed boat slip a deed boat slip refers to a designated area in a marina or dock. That isMoreWhat is a deed boat slip a deed boat slip refers to a designated area in a marina or dock. That is owned outright by an individual or entity.
Bylaws. The Bylaws of a inium or planned development contain the operating procedures of the homeowners association. These generally include how to call and conduct a meeting, how to vote, how to levy assessments, how to manage association business, and how to keep records.
The Real Estate answer depends. If the slip that is purchased includes the land under the water, it is Real Estate. If the slip that is purchased is only connected to land via the pier and the land is owned by the marina, it is not Real Estate. You are buying the slip and the right to use the water.
Finally, condo owners have the right to take legal action against other condo owners or the condo association itself. When board members or condo owners fail to comply with the condo bylaws, regulations, or state or federal laws, you have a right to bring a lawsuit against them for damages or injunctive relief.
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 condo Board gets what's called the “right of first refusal.” But does this mean a condo Board can reject anyone without a fair or justified reason? Most definitely not. The Board cannot make any rejection without its presence being noted in the bylaws.
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.
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.