Criteria for creating bylaws and rules for a condominium association may include a section outlining the purpose of the entity, regulations on member eligibility, rules for electing members of the association board and the frequency of meetings. The rules also need to include a clear definition of the responsibilities of each member of the committee as well as the process or editing the rules.Continue Reading
A condominium association typically creates a set of official rules outlining the purpose of the entity, which usually involves collecting fees from its members and using the money to maintain the condominiums and accomplish other actions to benefit the residents of the community. The rules frequently begin by outlining this purpose and listing the organizational structure, such as having a board that consists of different specific positions. The rules may also cover the process for electing members onto the board, the voting process for the board and the terms of any positions, if applicable.
The rules also need to include details about the frequency of meetings and the structure of the meetings, such as reviewing outstanding matters or holding votes on new issues. The rules should also explain the exact responsibilities of each member and the expectations of the position. It may also cover different specific actions for the association, such as paying for snow removal or maintaining the landscaping of the property. It also needs to have a section that explains the process for changing the rules.Learn more about Real Estate