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Your association counsel is best prepared to answer this question. Your governing documents, style of corporation or other guideline may determine what percentage of board members must be deeded owners.
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∙ 10y ago
In Florida, there is no legal requirement for a homeowner association (HOA) board member to be on the deed of a property. However, the association's bylaws may outline specific qualifications or requirements for board membership, such as being an owner or resident in the community. It is essential to consult the HOA's governing documents for specific requirements.
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Can a spouse serve on the board of directors of a condominium if his name is not on the deed?
You need to review the Master Deed to determine if the Board of Directors must be comprised of property owners. If that is the case then your spouse would not be eligible.
Does the president of the company need to be a board member?
Yes I believe the President of a Company does need to be a Board Member because when you think about it the President of a Company could give the Board of Directors his or her ideas on what he or she needs to be done to improve a Company and then the Board of Directors can vote on what a Company needs and doesn't need.
Can a resident with power of attorney who is not a deed owner attend condo board meetings in NJ for a deed owner?
Open board meetings mean open, usually to at least owners and may include residents. The board must have a basis upon which to deny you access to an open board meeting if you are a resident. If a vote of owners is on the agenda, you need a signed proxy in order to vote in the name of the titled owner.
Is property transferred by quit claim deed in Tennessee considered a gift?
Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.
Does a condo newsletter need board approval?
It depends on who publishes the newsletter and in whose name. If non-board-member owners publish a newsletter and follow the delivery guidelines outlined by the board or by governing documents, and claim authorship of the newsletter, then no board approval is be required. If, however, non-board-member owners publish a newsletter in the name of the board, then yes, the board should approve this newsletter.
Do you report the sale of land to a family member?
You need to report the sale. The deed needs to be reported, the taxes evaluated and their may be income tax consequences.
Is a will the same as a sale deed?
No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.
Do you need to redo the deed to refinance?
You will need your deed to refinance your home. If you no longer have it, your mortgage company should be able to get it for you.
How do you make a correction on a quitclaim deed?
Once a deed has been recorded that deed cannot be corrected. An error in a deed must be addressed with a scrivener's affidavit or corrective deeds depending on the error, if the error can be corrected. You should consult with an attorney who specializes in real estate law.You can add more details on the discussion page.
May a foreing member of a club located in south America be an active member of a club in Miami Florida?
how to be a member on club penguinget mum or dad or a kidi need $5i will buy a toy catand will help
What kind of deed do I need to add my husband's name to the property?
quit claim deed
Where in Johnstown Pennsylvania can you get your ex-husband's name off your house deed?
You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.
