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Co-Owners must agree to reconstruction within 90 days of destruction


Question:

This question is submitted by Tony L. out of Michigan

Under Reconstruction & Repair Section of our Bylaws is item 2: Total Destruction. If the condominium is so damaged that no Unit is tenantable, the damaged property will not be rebuilt unless 80% or more of the Co-Owners agree to reconstruction by vote or in writing within 90 days after the destruction. Why is this added to the Bylaws and what is the trigger?

 



 

Thoughts?

meadosw v2

 


Answers (3)

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