The following By-Laws have been adopted to govern the affairs of the project described in the master deed of the owners. The form also contains defintions of the words and terms used in the document.
Minnesota Bylaws of Condominium
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State:
Multi-State
Control #:
US-AR-B1039
Format:
Word;
Rich Text
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FAQ
Are HOA fees negotiable? Typically, you can't negotiate HOA fees. Since the HOA is a legal entity, it has scores of legal documents that apply to all community members. Association fees are no exception.
HOA fees tend to vary drastically, depending on the property or community. The fees range anywhere between $100 and $1,000 per month. The average, though, tends to be between $200 and $300 per month. The general rule that applies is that the more services and amenities, the higher the fees.
The simple answer is NO. HOA rules cannot override state law.
Minnesota is home to a number of condominium and homeowners associations. These associations, though, must remain compliant with many state laws.
Call an association meeting and ask for a vote on dissolving the HOA. If approved, have the agreeing members sign the termination agreement. Settle any debts, dispose of assets belonging to the HOA, and file the necessary documentation with the SOS to complete the dissolution.
In general, typical association fees for condo owners in Minnesota are between 25 and 75 cents per square foot per month.
MCIOA provides statutory authority for common interest communities formed on or after June 1, 1994. MCIOA governs condominiums formed under the Minnesota Condominium Act (prior to August 1, 1980) with limited applicability.
Federal Laws - In addition to state law regulations, the federal government has laws that govern the operation and management of common interest communities, condominiums, cooperatives, and residential properties in the state of Minnesota. Minnesota Collection Agencies Act, Minn. Stat. ? 332.37.