Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 1 of 7 · from the scan, no model involved
(ajfi&lcEstate
CONDO ASSOCIATION
BYLAWS
When you buy a condominium, you will have to abide by the rules of the association. These rules will be spelled out in a document called Association Bylaws.
In effect, it sets out the rules for your condo association internal government. It will specify how many owners are needed to form a quorum and conduct business, the use of proxies, the duties and powers of the officers and directors.
Specific clauses will authorize the board to establish an operating budget, including reserves for general operations, replacement of
iterance of common areas. Professional management may also be authorized. Changes in the declaration may require approval of all
owners, but bylaws <£p generally be amended by a vote of 75% or even
Often, the success of owning a condominium lays in the ability and wisdom of the condominium governing officers. Read condominium bylaws carefiilly as well as checking out the track record of the condo association.
If there is anything we cam do to help you in the field of real estate, plewe phone or drop in at EILEEN M. DAY, realtor, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
Eileen M. Deg
less.
76.3%