A condominium association is an association of unit owners in a condominium building. The association elects a board of directors, which handles the maintenance and repair of common areas, disputes among unit owners, and enforcement of rules and regulations, and condominium fees. The rules and regulations are normally adopted by the board of directors of the association.
Alabama Rules and Regulations of an Association of Owners of a Condominium Association
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The Alabama Homeowners' Association Act requires all Homeowners' Associations formed on or after January 1, 2016, to file organizational documents as a nonprofit corporation. The Act was passed on June 2, 2015, became effective January 1, 2016, and is codified in Code of Alabama Title 35, Chapter 20.
The HOA board president is vested with the same powers typically given to the chief executive officer of a corporation. This office should be the authority on the rules and laws that govern the board, handle procedural duties, and serve as the spokesperson for business matters.
It also defines the powers of the board as written in the governing documents of the HOA. The Act gives the board the ability to suspend the rights of members to use community facilities and impose reasonable fines.
The Alabama Homeowners' Association Act requires all Homeowners' Associations formed on or after January 1, 2016, to file organizational documents as a nonprofit corporation. The Act was passed on June 2, 2015, became effective January 1, 2016, and is codified in Code of Alabama Title 35, Chapter 20.
The dissolution process of an HOA in Alabama may be found in the HOA's governing documents. If it is not, a vote of at least ? by HOA members is needed to adopt dissolution.
Is membership in an HOA mandatory? Yes in some and no in others. Each HOA is different.
If you fail to pay your HOA or COA assessments in Alabama, the association can get a lien on your property and might foreclose on your home.