Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.
No, a unit of a condo association does not have the authority to secure a Small Business Administration (SBA) loan. SBA loans are typically available to individual businesses, and not to individual condo unit owners or associations. It is important to consult with a financial professional or lender to determine the best financing options for the condo association.
Read your governing documents to determine the uses for your property allowed by the association.
Read your governing documents to determine the protocol and process for how elections are held in your association. You can find a copy in the association's business archives, or obtain one from the association manager -- probably for a production fee.
The concept is called 'conflict of interest', especially if your position on the board benefits you financially through your business.
Yes.You can request the status of the association from the Secretary of State where the association is located.
Your attorney can help you answer this question, since it requires a legal answer.
Yes. When you rent a condominium, you are subject to the same rules and regulations, governing documents and guidelines as an owner -- except that you cannot vote in association business.
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.
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.
Only if the Condo Association allows it. It could otherwise fine you.
Yes.
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.