Governing Doc's/Rules & Regs

Condo docs, or condominium documents, are the essential papers that outline how a condo association operates and the rules for living in the community. Here's a simple breakdown:

Declaration of Condominium:
This is like the "birth certificate" of the condo. It officially creates the condo and describes the property, the units, and common areas. It also explains the rights and responsibilities of the owners.

Bylaws:
These are the rules for how the condo association is run. They include details about board meetings, voting, and the roles of board members.

Rules and Regulations:
These are the everyday "house rules" that owners and residents must follow, like rules about pets, parking, noise, and using shared spaces like pools or gyms.

Articles of Incorporation:
These are the legal documents that establish the condo association as a corporation, giving it the authority to manage the property and enforce rules.

Budget and Financials:
This includes information about the association’s finances, such as the budget, reserve funds, and how much each owner pays in monthly assessments (HOA fees).

Frequently Asked Questions (FAQ) Sheet:
A summary document that answers common questions about living in the condo, like restrictions on renting out units or special assessments.

Resale Disclosure Documents:
If you're buying a condo, you might receive additional documents showing the financial health of the association and any upcoming changes, like major repairs or fee increases.

Together, these documents ensure the community runs smoothly and everyone knows their rights and responsibilities. If you're buying or living in a condo, reading and understanding these docs is crucial!