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Condominium ownership is a form of real estate ownership that provides for common areas owned by all owners who also own a unit.
The association is the business of operating the community, and can be a corporation, commonly, a non-profit corporation.
Every owner is given a set of governing documents -- at least CC&Rs and By-laws -- so that an owner understands the legal obligations of ownership.
The By-laws detail the operation of the association, and includes the process by which leaders -- the board of directors -- are elected. As well, a recall of board members is possible and the process is also detailed in the By-laws.
No, you cannot 'fire' the association. You can elect board members, and recall board members. These people can 'fire' association managers and other vendors.
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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.
How do you Fire a general contractor from a condo?
Read the contract signed with the general contractor and follow the guidelines written there. You may also need the guidance and advice of the association's attorney.
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.
