In condominiums, commercial unit-owners may be asked to pay for expenses unrelated to their unit. Bylaws and agreements govern these obligations, often leading to negotiations.
In condominiums, commercial unit-owners may be asked to pay for expenses unrelated to their unit. Bylaws and agreements govern these obligations, often leading to negotiations.
When amending bylaws, avoid making extensive changes, choose the right timing, consult your attorney, gather input from shareholders or unit-owners.
Key considerations for co-op bylaw updates include allowing electronic annual meetings, implementing staggered board terms for continuity, and ensuring adequate indemnification for board members.
Can you guarantee enough support to amend your bylaws?
Do you know how the right of first refusal works?
A new list of house rules causes a kerfuffle.
Unit-owners are bearing more of the load when it comes to insurance.
Why ignoring updates to bylaws and house rules is bad practice.
The legal definitions of “unit” and “casualty” can have a big impact.
How is it possible that boards could be working off the wrong set of bylaws?