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15 Cards in this Set
- Front
- Back
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Condo/Co-op: Change proportion of a) Ownership b) Allocation of expenses |
100% of membership plus lienholders by written joinder |
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HOA: After- a) Proportionate voting interest OR b) increase proportion of percentage of parcel's share of common expenses |
All record parcel owners All record owners of parcel liens |
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Condo/Co-Op: Cancel contracts in effect at time of transition |
75% of all owners other than developer |
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Condo: Include installation and maintenance of hurricane protection for units as a common expense |
Majority vote of the entire membership |
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Condo: Material alteration or substantial addition to the common elements |
Prior approval by 75% of entire membership when association's recorded documents are slient |
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Co-Op: Material alteration or substantial addition to the common elements |
Prior approval by 2/3 of entire membership when association's recorded documents are silent |
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Condo/Co-Op: Enlarge condomium elements or cooperative common areas |
Prior approval by 2/3 of all owners (members) when association's recorded documents are silent |
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Condo/Co-Op: Amendment to association's recorded governing document |
Prior approval of 2/3 of all owners when specific document is silent |
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HOA: Add or delete specific reserve component on annual budget reserve schedule |
Prior approval of majority of entire membership |
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Change the use of a specific reserve component funds for other than its intended purpose (separate calculation method) |
Majority of those present at valid membership meeting (quorum present) |
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Waive or reduce reserve funding for annual budget |
Majority of those present at valid membership meeting (quorum present) |
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Condo/Co-Op: Pass an item not on the posted meeting agenda |
Majority plus one Action placed on body's next meeting agenda and affirmed |
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Co-Op: Closed meetings (owners prohibited from attendnace/participation) |
Body has association legal counsel present for the purpose of seeking or rendering legal advice |
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HOA/Condo: Closed meeting (owners prohibited from attendance) |
Body has association legal counsel present for the purpose of legal advice & dicussion of personnel matters. |
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Other actions unless otherwise specified in association's recorded governing documents |
Majority of those present at valid meeting (quorum present) |
