Nh form condominium 2025

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The document is a comprehensive application for registration of a condominium in New Hampshire, pursuant to the state's Condominium Act (RSA 356-B:51, I). It outlines the necessary information and documentation required from the applicant, including details about the declarant, condominium description, plan of development, improvements, maintenance arrangements, financing, promotional plans, and rights and obligations of purchasers. The application also includes various certificates and affirmations that must be completed by the declarant and their attorney.

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2019	4.8 Satisfied (96 Votes)
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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.

Who regulates homeowners associations in NH?

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.

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.

What is inium coverage form?

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.

How to dissolve an HOA in New Hampshire?

If your HOA is organized as a corporation, you can dissolve it by following the same procedure as dissolving a corporation. This typically involves filing Articles of Dissolution with the New Hampshire Department of State and requesting a Certificate of Dissolution from the Department of Revenue Administration.

Who is responsible for governing a inium?

Whereas single-family homes are governed by a homeowners association, a inium development is governed by a COA. What is COA? Simply put, COA means inium owners association. This COA and its member homeowners work together to maintain the value of the units and shared common elements.

How do HOAs have so much power?

The power of HOAs. An HOA has the authority to enforce the rules and regulations of the community using the community rules, or bylaws and covenants. These rules are considered agreed upon since homeowners approve them through board-elected representatives.

Nh form condominium 2025

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