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Board members have certain fiduciary duties to uphold, which include the duty of care. Failure to uphold these duties can result in homeowners suing HOA for negligence. The same goes for condo associations.
Common Interest Ownership Act is a Connecticut General Statute that governs all Condominiums and Cooperative Associations. Otherwise known as CIOA, this statute protects the unit owners and guides the board of directors on how the associations must be governed. Condo Law / Common Interest Ownership Act (CIOA) rosenbergattorneys.com ? areas-law ? condo... rosenbergattorneys.com ? areas-law ? condo...
The Connecticut Common Interest Ownership Act oversees the formation, alteration, termination, sale, and management of common interest communities established after January 1, 1984. This includes homeowners associations, condominiums, and cooperatives.
The association is responsible for the maintenance and replacement of all general common elements, and in the case of condos, there are many. General common elements, which are used by every unit owner, include sidewalks, elevators, roofs, lobbies and common hallways, and community amenities like pools. What Is A Condominium Association? - Cedar Management Group cedarmanagementgroup.com ? what-is-a-co... cedarmanagementgroup.com ? what-is-a-co...
A unit owner is not liable to a purchaser for the failure or delay of the association to provide the certificate and documents in a timely manner, but the purchase contract is voidable by the purchaser until (1) the expiration of five days, excluding Saturdays, Sundays and legal holidays, after the certificate and ... Sec. 47-270. Resales of units. :: Chapter 828 Common Interest ... justia.com ? connecticut ? title47 ? chap828 justia.com ? connecticut ? title47 ? chap828