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What is a condo association?

Updated: 8/19/2019
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11y ago

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A condominium association is a legal entity, often a state-registered corporation, made up of members who own condominium units.

Read your governing documents to identify the particulars of your association, and how the state's corporate guidelines affect the business conducted by the association on behalf of its members.

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Related questions

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.


Is a condo association a business?

Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.


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.


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.


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.


What are some condo association management companies in Chicago?

Some condo association management companies in Chicago include Root Reality, Inc and SGJ Property Management. You can learn more about these companies online at their respective websites.


Live in condo.. A unit owner repeatedly found urinating in garbage bin on condo grounds. What can the association do to this individual?

This sounds like a situation for the police.


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.