If your community recently transitioned from developer control, you may be able to terminate some or all of the contracts entered into by the developer without penalty pursuant to Section 305 of CCIOA. Section 305 sets forth the types of contracts that are subject to this termination provision, and includes the following agreements: Management contractsGo to Resource
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What do you do if your association’s governing documents do not have a quorum requirement? If your community was created on or after July 1, 1992, you go to Section 309(1) of CCIOA. Section 309(1) provides post-CCIOA communities with a default quorum requirement if their documents are silent. Specifically, Section 309(1) indicates that if yourGo to Resource
What happens to the status of a pre-CCIOA community (i.e. community created before July 1, 1992) if it amends its governing documents? One prevalent myth on this issue is that the community becomes a post-CCIOA community and will be subject to all provisions of CCIOA. But this is nothing more than a myth and notGo to Resource
Section 302 of CCIOA provides associations with a list of powers that may be used even if such powers are not spelled out in the associations’ declarations. If your community is post-CCIOA (created after July 1, 1992) your board may take advantage of all the powers spelled out in Section 302 unless the governing documentsGo to Resource
What do you do when your condominium documents do not clearly identify the unit boundaries? If your community was created after July 1, 1992, you may be in luck because CCIOA provides some guidance. Specifically, if your declaration designates the unit boundaries as the perimeter walls, floors, and ceilings, but contains no further guidance asGo to Resource