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What else can I help you with?
Is a condo association a business?
Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.
How many years can a president of a condo association serve?
Read your governing documents to determine the service period for all directors of your association.
Does an incorporated condo association need a federal employer identification number?
When an association pays employees and files tax returns or sends W-2s or 1099s, a federal employer identification number is required.
Can the owner of the condominium open the business in condo?
Read your governing documents to determine the uses for your property allowed by the association.
Is the owner of condo responsible for fixing driveway?
Read your governing documents to determine who owns the driveway. The owner of the driveway, which may not be the owner of the condominium unit, is responsible for 'fixing the driveway'. Best practices dictate that at least you file a maintenance request for the repairs you believe are required.
How do condo association hold election?
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.
Can you get evicted at a condo for not having a FOB key?
Read your lease and read the association's governing documents to determine the grounds for eviction from your residence. There is no standard.
Can one unit owner own a majority of a condo association property?
Read your governing documents to determine whether or not this is possible within your association. Limitations may include lenders' positions on this issue.
If water damage to condo ceiling is caused by association pipe failure but you do not have homeowners policy will association be liable to pay for repairs?
Work with the board to determine whose responsibility is to repair and whose responsibility it is to pay for the repairs. The board will work with the broker who handles the master insurance policy.
Can your condo association take possession of your condo in Florida?
Read your governing documents to determine the cause of this apparent threat. Since you chose Liens as another category, you may have a lien on your title for unpaid monies that you owe to the association. As a last step in collecting monies you owe, your association can take possession of your condominium and sell it. This process is written out in your governing documents.
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.
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.
