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It depends on your local laws, including your state laws, and the nature of the condominium association's assets.
If yours is a mixed-use association, and the association earns revenue from renting, for example, then you may have a different designation than a non-profit designation (which is a fairly common designation for associations).
You can find a copy of your Articles of Incorporation -- or other legal document -- on your secretary of state's Web site, so that you can read it and more fully understand the nature of the legal style of your condominium's association ownership.
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What is a 501c and why do you need it?
A 501c is an American non-profit organization. If you are planning on organizing a non-profit organization in order to receive donations and raise funds for said organizations you must apply for a 501c and then if approved you can operate your non profit organization under 501c laws and guidelines.
Is a 501c organization a non profit organization too?
You can probably find the most information on the main site of the 501c organization. But probably can find information about it on the Wikipedia site.
Can you know the status of a condo association?
Yes.You can request the status of the association from the Secretary of State where the association is located.
Is a condo association a business?
Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.
If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?
Your attorney can help you answer this question, since it requires a legal answer.
What companies in Chicago offer condo association insurance policies?
State Farm, Progressive and Geico are some well known companies that offer condo association insurance policies. There are local and lesser known companies such as Melendez Insurance that offer condo association insurance policies also.
Can you rent out a bedroom in your 2 bedroom condo in Florida?
Only if the Condo Association allows it. It could otherwise fine you.
Can a lien be filed for nonpayment of assesments from a condo association?
Yes.
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 there a condo organization in NJ that every condo building should be answering to?
Your first level of governance is your association's governing documents.There may be an organization in New Jersey that supports condominium associations.There appears to be a law in New Jersey that governs common interest real property, which covers condominium ownership, and defines rights and responsibilities. You can read more in the link, below.
What can a condo resident do about loud noises?
Fiile a noise complaint with the Condo association and if that doesn't work, the local police department.Added: Loud noises from whom or what? The Condo Association MAY have control over some annoyances but for others you may need the police (as advised above). Speak to your Condo Board of DIrectors to see if they can assist you.
Does a condo association file documents?
Yes. Your association counsel can guide you as to which documents must be filed and where each should be deposited.
