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four. The affiliation may petition a court docket of competent jurisdiction to nominate a receiver to lease out an abandoned unit for the advantage of the association to offset towards the rental earnings the affiliation’s prices and expenses of sustaining, preserving, and defending the unit and the adjoining frequent components, together with the costs of the receivership and all unpaid assessments, interest, administrative late charges, costs, and cheap lawyer charges.
Unless otherwise supplied on this chapter or within the declaration, articles of incorporation, or bylaws, and besides as provided in subparagraph (d)four., decisions shall be made by a majority of the voting interests represented at a gathering at which a quorum is present. Information to help condominium boards, homeowners and builders in addition to the professionals that service them.
The unit owners’ association shall be named as defendant on behalf of all unit house owners in any eminent area proceeding to take or injury property which is a typical factor and which incorporates no portions of any items or restricted frequent parts. A condominium is one among a gaggle of housing models the place the householders personal their particular person unit house, and all of the dwellings share possession of frequent use areas.