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How do you determine if your condo association is incorporated?
Wiki User
∙ 14y ago
To determine if your condo association is incorporated, you can check the documents or bylaws of the association. Look for any language that indicates the association as being incorporated, such as references to it being a corporation or having a specific corporate structure. You can also search for the association's name on the website of the state's secretary of state or corporations division to see if it is listed as a registered corporation.
Wiki User
∙ 14y agoAn association is obligated to renew its non-profit license -- if your association is a non-profit corporation -- with your secretary of state on an annual basis.
Its corporate standing within the state is a matter of public record.
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Is a condo association a business?
Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.
How many years can a president of a condo association serve?
Read your governing documents to determine the service period for all directors of your association.
Can the owner of the condominium open the business in condo?
Read your governing documents to determine the uses for your property allowed by the association.
Does an incorporated condo association need a federal employer identification number?
When an association pays employees and files tax returns or sends W-2s or 1099s, a federal employer identification number is required.
Is the owner of condo responsible for fixing driveway?
It depends on the specific terms outlined in the condo association's bylaws or the individual condo's governing documents. In some cases, the responsibility for maintaining and repairing driveways may fall on the condo association, while in others it may be the responsibility of the individual condo owner. It is best to review the governing documents or consult with the condo association to determine who is responsible for the driveway repairs.
How do condo association hold election?
Read your governing documents to determine the protocol and process for how elections are held in your association. You can find a copy in the association's business archives, or obtain one from the association manager -- probably for a production fee.
Can you get evicted at a condo for not having a FOB key?
Read your lease and read the association's governing documents to determine the grounds for eviction from your residence. There is no standard.
Can one unit owner own a majority of a condo association property?
Read your governing documents to determine whether or not this is possible within your association. Limitations may include lenders' positions on this issue.
If water damage to condo ceiling is caused by association pipe failure but you do not have homeowners policy will association be liable to pay for repairs?
Whether the association is liable to pay for the repairs depends on the terms of your condo association's governing documents and local laws. Generally, the association may be responsible for damages caused by pipe failure, but it is best to consult with a legal professional or review your association's governing documents to determine the specifics of your situation.
Can your condo association take possession of your condo in Florida?
Read your governing documents to determine the cause of this apparent threat. Since you chose Liens as another category, you may have a lien on your title for unpaid monies that you owe to the association. As a last step in collecting monies you owe, your association can take possession of your condominium and sell it. This process is written out in your governing documents.
Is the land under the condo unit owned by the unit buyer or the condominium corporation?
Read your governing documents to determine what is owned by individual owners and what is owned by the association.
Can you join 2 condo appartments in Canada?
Read the governing documents for the association to determine the process -- if possible -- that you must follow in order to join multiple units.
