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Ideal boards are numbered with odd numbers. This means there will always be a majority vote.
Depending on the size of your community, you may want three or five or seven board members.
Larger communities may require larger boards; smaller with fewer board members. The size of the board often reflects the amount of board work to be done.
When a developer completes a condominium community and before turning the association over to an elected group of owners who can operate as a board, the developer often acts as the only board member.
In direct answer to your question, the minimum number is one. However, it's more reasonable that there be more than one, since no corporation with responsibilities in the millions of dollars can survive with a single leader.
Read your governing documents, which may include suggestions for board size, given the size of your community.
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∙ 13y ago
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How much does it cost to rent a condominium?
Your answer depends on where the condominium is located and its size. There is no standard.
How much does the average condo cost?
It depends on the location of the condominium, its size and the amenities included in the condominium community.
What are the dimensions of the dimension E310 motherboard?
This is a microATX (mATX) motherboard that measures 9.6 inches on a side, which is the maximum size for a mATX board. The minimum size for this style of board is 6.75 inches on a side.
What is the minimum number of units allowed in the Washington state condominium act?
The Washington state condominium act does not specify a minimum number of units. Therefore, the number of units in a condominium project can vary according to the developer's plan and local zoning regulations.
How do you contact Condominium Associations directly?
A condominium association is the business entity involved in condominium ownership. The condominium association is usually a non-profit corporation, and is listed with the Secretary of State in the state where the condominium community is located.The Secretary of State's records are usually public records.As well, residents and owners of a condominium community should know who sits on the association's board of directors, and their contact details.You can also contact a condominium association through its property manager.
How few officers can be on a voting nonprofit board?
Since you chose the Condominiums category, one can assume that your association is a non-profit corporation. Your governing documents specify the size of your board, which may depend on the number of units and the total real estate asset value of the community. Certainly, a minimum number is three, and because of voting, an odd number up to seven or nine is classic. Other board members may be added, but the functions of president, vice president, secretary and treasurer are usually performed by a single person. Other members can be known as members-at-large. Your state law may specify a minimum number of officers for a non-profit board. You may also find a minimum number listed in your state's condominium law.
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.
What does supported minimum size mean?
Supported minimum size
What is the minimum number of people required on a Board of Directors?
There is no standard minimum amount of people required to be on a Board of Directors. The average size of the Board of Directors is about 9 members for most companies.
Your condominium assessed and extra amount because your reserve is at zero - you need extra money for building repairs - can you file a lien for condominium special reserve amount assessed?
Depending on the county and state where your condominium is located, and depending on your governing documents, assessments and fines can automatically become liens on your condominium title. Otherwise, your condominium Board of Directors may choose to file a lien until the special assessment is paid.
What is the minimum maximum size of ICMP packet?
Minimum size is 36
Can a condo maintenance company be fired by the owners?
Read your governing documents and determine under which provision your condominium is being foreclosed.It isn't the maintenance company doing the foreclosing, it's the association's board of directors, perhaps through the maintenance or management company.A condominium unit can be foreclosed upon by the association for non-payment of assessments, which owners are legally bound to pay.
