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Articles of Incorporation The Articles bring the corporation into existence, and contain the outlines of its organizational structure. In California, homeowners associations are not required to be incorporated, and most smaller associations are not incorporated (and therefore have no Articles of Incorporation).
What are the two documents that create a inium?
The two documents that create a inium are the declaration, which legally establishes the inium, and the master deed, which establishes the condo association and provides specifics about the individual units and shared areas.
What is needed to create a inium property?
What is needed to create a inium property? inium declaration and master deed. Secondary deed and overall deed. Deed of record and habitation declaration.
What is a inium declaration?
A Condo Declaration is a legal document that lays out what common and private spaces were built and who owns them. It details the block and lot, address, unit number, size, square footage, common interest percentage, and limited common interests.
Which of the following documents are required to form a inium?
Four types of legal governing documents are typically associated with subdivisions such as iniums and planned developments: the Declaration of Covenants, Conditions and Restrictions (or CCRs), the Bylaws, the Articles of Incorporation, and the Rules.
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State of NH condo Act with all changesnew hampshire condominium act, rsa chapter 356-bN.H. condo law board meetingsN.H. RSA 356nh rsa 356-b:37Condominium reserve fund requirements New HampshireN.H. RSA 292nh rsa 356-b:46
The inium Association Coverage Form insures against direct physical loss of or damage to covered property at the premises listed and described on the declarations. The loss or damage must be due to a covered cause of loss.
Who regulates condo associations in New Hampshire?
Homeowners associations in New Hampshire are not regulated by a specific governmental agency, but they must comply with state laws, such as the New Hampshire inium Act and the New Hampshire Unit Ownership of Real Property Act, as well as federal regulations.
What document is recorded to create a inium?
The Declaration of Covenants, Conditions, and Restrictions (CCRs), Bylaws, Articles of Incorporation, and Rules are the pillars of condo documents.
Related links
Moultonborough Planning Board P.O. Box 139
Address and apply appropriate fee for certified mail on one business size envelope for each notification, with return address as: Moultonborough Planning Board.
New Hampshire Insurance Licensing Information Bulletin
We wish you well in preparing for your examination and remind you that by law you are required to continue your insurance education after becoming licensed.
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