The definition of condominium ownership is contained in the land-use documents filed in the local hall of records by the original developer.
In order to convert the land-use to another use, you are best advised to find a local, common-interest-ownership-savvy attorney who can help you understand the pros and cons of both types of common interest communities. As well, this attorney may be able to help you convert the land-use to the one you want.
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.
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A homeowners association cannot be a mandatory association without the consent of 100% of the property owners in the development attempting to establish an association. In addition to the consent of the property owners, the association must follow certain procedures and file the proper documents in order to subject the property to the association's rule.
Nope. The word "office" isn't part of the official name, presumably. Try substituting any other thing the Homeowners Association might have. Would you capitalize the Homeowners Association softball team, the Homeowners Association stationery, or the Homeowners Association location? (I'm a grammar Nazi--but only on request.)
If the title 'Homeowners Association' refers to an actual association, then yes. It is the name of a registered association, and is therefore a proper noun. All proper nouns should be capitalised.However, if it is used as a general term, e.g. "Are you part of any homeowners association?" then it does not require capitals.
It won't. Homeowners insurance is protection from sudden accidental losses, it does cover association dues.
Yes. The homeowners association ID may be valid in any establishment.
If the subdivision is subject to a Declaration of Restrictive Covenants that include a homeowners' association then your property is subject to mandatory membership.
Your condominium association is a public company. There are several types of bankruptcy, and the type chosen by the association will determine how business proceeds once bankruptcy is declared. Read more, below.
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.
You should consult the body of laws that your state legislature has codified as Condominium and Homeowner Association Laws. As well, your governing documents may have specific application to your particular community.
A condo or townhouse Homeowners' Association (HOA) governs a group of condos, wherein the association is responsible for the maintenance of the outside of the building(s), landscaping, and utilities, in addition to maintaining common areas and enforcement of the CC&Rs. This is because the properties being governed are condos and not houses. A planned unit development (PUD) HOA is responsible for ensuring compliance with the CC&Rs of the PUD and upkeep of any common areas in the PUD. However, individual owners maintain their homes and land, as each lot in the PUD is individually owned.