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Can a condo association require open voting to increase HOA dues?
Wiki User
∙ 10y ago
Associations prepare an annual budget to pay for the community's operations. Its revenue source is assessments.
Generally, the board approves an annual budget and owners can refuse to ratify the budget. Lacking such refusal, the budget is ratified.
Read your governig documents to determine the budget voting process in your association.
Wiki User
∙ 10y ago
Condo association bylaws typically specify the process for voting on changes to HOA dues. While some associations may require open voting, others may allow for private or proxy voting. It ultimately depends on the specific rules and regulations outlined in the association's governing documents. Owners should consult the bylaws or seek legal advice to understand their specific rights and responsibilities in this regard.
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Can a Florida condo association require an application for renters?
Read your governing documents to determine what the association is required to review prior to your renting your unit. It is possible that the association has a rental cap, in which case, your rental may or may not be allowed, depending on the current percentage of rentals in the community. The association is not in the business of approving your tenant, but can require proof from you that you have performed a background check and a financial check on a prospective tenant. The association may require proof that you asked a prospective tenant for an application, but the association is not legally allowed to require it. The association may require that you supply a copy of any rental agreement you sign with a tenant.
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.
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.
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.
Can you increase the power supply to a circuit breaker in a condo It's a townhouse style condo We have our own circuit breaker in the garage but we need 150amps and only have 90amps?
Before making any changes to circuit breakers, make certain that the breaker does not exceed the capacity of ANY current carrying wire in the circuit. If you attempt to increase the size of the breaker in your condo, and exceed the capacity of the wire that is fed from that breaker, you WILL burn down the condo and when the fire department investigates the fire and finds out what you did, the association will be quite upset with you. Plus, it's against the law. If you need to make that kind of change to your electrical wiring, contact a qualified electrician to discuss options. You will also need approval of the Condo Association in most situations like this.
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.
