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.
Rhode Island Rules and Regulations of an Association of Owners of a Condominium Association
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FAQ
States with the fewest HOAs are located in the Midwest and South?Arkansas, Oklahoma, and Mississippi. These states have less than 5% of homes that are part of HOAs. Arkansas only has 2.2%, Mississippi has 2.5%, and Oklahoma has 4.1%.
Rhode Island Community Association Law Homeowners' associations in Rhode Island are not governed by a government act. The Condominium Ownership Act defines laws and regulations that apply to all condo associations but these laws do not apply to HOAs managing individual units.
HOAs and co-ops generally incorporate under the Rhode Island Nonprofit Corporation Act since there is no specific statute governing these associations. ing to §7-6-18 of the Nonprofit Corporation Act, meetings of members are held each year at a time provided in the bylaws.
A homeowner association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. Those who purchase property within an HOA's jurisdiction automatically become members and are required to pay dues, which are known as HOA fees.
For organizational purposes, most HOAs in Massachusetts choose to follow State Corporate Law which describes the creation of bylaws, record filing, and electing a board of directors. These laws may be adopted by the homeowners' association to fit their specific needs.
"[A]n incorporated or unincorporated association owned by or whose members consist primarily of the owners of the property covered by the dedicatory instrument and through which the owners, or the board of directors or similar governing body, manage or regulate the residential subdivision, planned unit development, ...