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You hire an association-savvy attorney in your state who tailors the state's condominium law -- if there is one -- to fit you, the developer's, business objectives. The original association documents include the language to protect the developer's initial interests, and also includes the language the original buyers will use as the foundation for their governing documents.
Usually, the association is a non-profit corporation within your state -- but it could be a profit corporation if the association owns amenities that it rents out, such as a Golf course.
Your association-savvy attorney can help you understand how to define, craft, file and operate a condominium owners association.
Wiki User
∙ 13y ago
To form a condo owners association, you typically need to follow these steps:
- Obtain support from other condo owners who are interested in forming an association.
- Determine the purpose, bylaws, and rules of the association.
- Hold a meeting to elect board members and establish roles and responsibilities.
- Register as a legal entity and obtain any necessary licenses or permits.
- Develop a budget and fee structure to fund the association's activities.
- Communicate with all condo owners to inform them about the association and encourage participation.
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You submitted application for condo rental you have to be approved by condo assoc and owner you gave security deposit and 100 Assoc fee Move in date is July 10th can you get out of this lease?
Read the terms of the application and the lease to determine how you 'get out of this lease'.
How many condo owners?
In most communities, the majority of residents in condos are owners. There are some rental units, but for the most part the people that own the condo also live in it.
How can you request for condo assoc to allow pets?
Ask neighbors to sign a petiton so pets can be allowed. If that doesn't work, I got nothing, but that probably will work
What will be put into the Chicago Spire?
Condos and amenities for the use of the condo owners.
What is the plural of condo?
Condo is the shortened form of condominium. It is the shortest form.
Can a lien placed by condo assoc on property that is paid for show on credit report?
Yes.A lien is a matter of public record and the credit bureaus will pick it up and add it to your record.
How do standard home-owners policies differ from condo insurance policies?
There is some liability with condo insurance since a fire in your home could also do damge to a neighbor. Regular home owners wont cover that since buildings are sperated.
What is the definition of a condo?
There are several. You can read more on Answers.com, below.
Have Florida legislators passed a law to force condo owners to pay their condo fees?
no but trying to If a condo owner falls more than 90 days in arrears of association, the right to use common areas can be suspended by the association until such dues are paid.
Is it mandatory that a board member of a condo be required to live in that same condo?
Read your governing documents to determine the residency requirements for board service eligibility. It is possible that the majority of the board must be resident owners, all members must be resident owners or there may be no residency requirement. There is no standard.
What's the difference between a condo and a duplex?
The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.
Abbreviation for association?
There are several abbreviations for the word association. Some of the most common are assn, assoc, ACA, ASA, and assocn.
