by Guest » Tue Aug 24, 2010 07:36 am
I have always believed that there's some difference between home insurance for a single family and that of a townhome insurance. Lenders will always need coverage for their loan, and I'd like to know the best coverage option for a townhome.
Posted: Tue Jan 11, 2011 05:35 pm Post Subject:
Fire the BOD and elect a new one. If I do the math correctly, there may be as many as 12 interested parties who are members of the HOA (one for each dwelling unit). Probably 5 members on the BOD, so the other 7 can get together, as a majority, and (a) vote to recall the BOD and (b) try to get themselves elected as the new members of the BOD. With so few votes, it is likely that one or more of the former members of the BOD would be re-elected. Option (c) would be to force the BOD to put the decision to the entire HOA membership for a vote and hope that 7 votes are cast to keep the current insurance arrangement.
There may also be something in the CC&Rs that prevents the BOD from doing what it intends to do. Someone will have to read that document to find out.
Posted: Thu Jan 03, 2013 07:16 pm Post Subject: INSURANCE FOR TOWNHOUSE
OUR ASSOCIATION HAS 44 GARAGES WHICH 14 HAVE 2@ & 20 HAVE 1@ THEY ARE IN 3 BUILDINGS & THE ONES THAT HAVE 2 PAY$413.07 & ONES THAT HAVE ONLY 1 PAY $391.80, THE ONES THAT HAVE 2, SOME ARE IN MORE THAN 1 BLDG ALSO....the association has a master insurance plan.....Shouldn't the ones that have 2 garages pay the full price of 2 garages instead they only pay $21. more for the 2nd one...Also the board is suppose to approve of any lease, but that is not done always, they even allowed a group home to be rented with around the clock supervision....which is a business & our by-laws state residential only
Posted: Thu Jan 03, 2013 07:48 pm Post Subject:
Unfortunately, your questions have nothing to do with insurance. They are contractual matters. You will need to speak with a local contract law attorney for assistance with your questions.
With condominiums, the CC&Rs are the primary governing instruments, and you have to abide by them or change them. Again, that's a contractual matter.
Add your comment