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Dissolving a Homeowners or Community Association (HOA) Majority of Members Must Consent to Dissolution of HOA. Third-Party Rights and Agreements Must Be Honored in Dissolving HOA. Local Government Permitting Conditions Must Be Honored in Dissolving HOA. Internal HOA Dissolution Procedures Must Be Followed.
718.202. The contract may be terminated by written notice from the proposed buyer or lessee delivered to the developer within 15 days after the buyer or lessee receives all of the documents required by this section.
Owners cannot be removed for bad behavior. She outlines the process as follows: When a condominium is owed common charges, the board can file a lien against the owners unit. Once the lien has been filed, the board has two options: it can bring an action to recover the money due, or it can foreclose on the lien.
The property owner must provide a potential buyer with association documents within ten days of an offers acceptance. The buyer has five days from receipt to accept or reject these documents.
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