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In a NJ condominium that you own two or more units would you become a member in bad standing if you paid assessments on one unit and did not pay on the other units?
Wiki User
∙ 14y ago
Regardless of the number of units that you own, you owe assessments on every unit.
Read your governing documents to understand your commitment to pay assessments. In addition, you can read the board's process and action steps it can take to collect this debt that you owe, including potentially, selling your unit(s).
As a 'member in bad standing' you may not be able to vote in association business. Again, your governing documents will inform you of restrictions made against owners who fail to pay their assessments.
When you fail to pay your assessments, you're essentially asking your neighbors to pay your bills.
Wiki User
∙ 14y ago
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Would a condominium unit owner who is delinquent in paying his or her maintenance fees have a right to vote?
Read your governing documents and identify the penalties the board can apply when you are delinquent in paying your assessments.Some associations will deny you the right to vote, because by not paying your assessments, you are no longer a member of the association in good standing.
Get out of a declaration of condos?
When you buy a condominium, you automatically become a member of the association. You can 'get out of the declaration', and all the other governing documents, by selling your unit. Otherwise, you are legally obligated to honour the governing documents.
Where do subcommittees get their member?
From the standing committee.
What are the duties of a trustee who has been elected in a condominium?
You can find the answer in your state's condominium law.In Washington State, for example, an elected board member has the responsibility to 'protect, maintain and enhance' the assets owned by the association.Go to your state's Web site and locate the state's condominium law.Then, specifically, your governing documents will expand on your state's documented duties and list the duties of a trustee or board member for your association.
Will an independent Scotland need a standing army or will it just need a small reserve force that is called up to meet UN obligations?
It will not be able to afford a standing army and there is no guarantee it will become a member of the UN.
Where is the DA member in the transfiguration courtyard?
The member is standing near the bench.
Is it against the laws of privacy for a condo board member to disclose at member meeting someones payment history of condo fees also if they are current or not?
Generally, it would be appropriate to discuss past due condo fees and who owes them at a member meeting. However, you should review all the condominium documents to determine if that action is specifically discussed.All the board members and unit owners have an interest in the financial stability of the condominium. Delinquent condo fees are an issue that should be discussed and addressed.Another AnswerSince assessments are a condominium association's primary source of revenue, the payment history of any and all owners is critical data. However, civility may dictate that pointing out individual owner's history -- treating less than all owners equally -- can cause disruption within a community.Individual assessment payment history is not a critical public function of these kinds of corporations -- businesses -- that is necessary to be documented in meeting minutes. Families' financial details are generally private information within any community.Reading owners' assessment payment history into meeting minutes fails the test of reasonableness and the 'duty of care' guidelines for directors/ corporate officers.Privacy and collection regulations, if they exist in your locale, aim to protect the privacy of owners who are delinquent in paying their assessments. A local attorney can best explain your local privacy laws.Paying your assessments on time is expected, as is following the other guidelines of the association.Best practices in the United States dictate that past due assessments be noted as a summary amount in the overall financial picture, but that the unit identifiers and names of owners who have not paid their assessments be held back for discussion in executive session.(You can learn more about collecting past due assessments, below. If you are a delinquent owner, you may also learn more from this link. NB: This link is not endorsed by WikiAnswers, but provided here for your information.)
Do all condos have association fees?
Yes, generally.Associations levy assessments against unit owners in order to pay for communal expenses. These might include:Master insurance policy premiumsLandscape, pool, public recreational area maintenanceBasic utilities, and/or cable and Internet servicesContributions to maintenance reserves and other reserves, so that real estate assets you own in common can be replaced at the end of their useful livesProfessional services, such as tax preparers, property managers, reserve study experts, building inspectors and so forthWhen you purchase a condominium, review the governing documents to confirm that you will be responsible for assessments, and to understand what steps your potential association's board must take against you, should you fall into arrears.Part of condominium life is freedom from exterior maintenance of your home. The price for that freedom is assessments.Finally, when you purchase a condominium you become a member of a multi-million dollar (usually) non-profit corporation that is charged with the security, maintenance and preservation of the real estate assets that you own in common with all other owners.Unless your community profits from rental of its amenities, its only source of income is association assessments.
Can an HOA board member be suspended for not paying assessments?
Yes, it is possible for an HOA board member to be suspended for not paying assessments. The specific rules and regulations regarding this will vary depending on the HOA's governing documents, but in many cases, board members are required to be in good standing with the HOA, which includes being up-to-date on assessments. If a board member fails to fulfill this requirement, they may face suspension or other disciplinary actions.
How do you become a member to buy or sell?
You can click Become a Member and then you have to pay $5.95 a month to be a member.
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