Subscribe to Blog

Your email:

Looking for answers?

Can't find the answer you're looking for?  Ask your question here and we'll post it in our blog.

FindĀ HOA and Condo Association Loans, Insurance or Property Managers

Our HOA Solutions

Follow us on the web

Become a fan on Facebook

Follow us on Twitter or twitter.com/communityliving

Join our Linked-In Group

Add to Technorati Favorites

About Our Blog

Condo Association Management Blog

Current Articles | RSS Feed RSS Feed

Condo Rules - Who Approves Association Financial Decisions?

  | Share on Twitter Twitter | Share on Facebook Facebook | Submit to Digg digg it |  Add to delicious  delicious |  Submit to StumbleUpon StumbleUpon |  Share on LinkedIn LinkedIn |  Share On Technorati Technorati | Submit to Reddit reddit 

Question:

I am the president of a condo association which consists of 4 stores in a strip mall.  Am I to understand that the association members elect the condo board and from that point forward the board members are the ones that vote on passing of condo budgets, condo dues, contracts, vendors etc.  If that is the case does the condo association have to make a motion to approve all items approved by the condo board? 

Or does the condo association only vote upon the addition or changing of the common elements.

I would appreciate any help you can give me I am receiving conflicting statements and I would just like to make sure I am doing things correctly.

Answers:

Generally speaking, the condo association board should have final voting approval over most financial and operational issues.  If voting approval is required by the condo association members for anything - it will be specified in the condo association bylaws. So it sounds like you or someone needs to take a look at the bylaws.


Tags: , ,

Comments

Currently, there are no comments. Be the first to post one!
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics