New laws change condo association management (NH)
This is Part II of legislative changes to the Condominium Act that went into effect Aug. 1. The caveat is many of the actions boards and associations have been taking now must be explicitly in the bylaws (not even in the declaration) or any actions taken, such as elections, assessments and approval of projects, can be successfully challenged leading to chaos at associations. Read the article…………..
Primarily, AB 125 narrows the definition of “constructional defect” to any defect that causes physical damage to the property or
The New Jersey Appellate Division has restated a basic rule of condominium and homeowner association law: i.e. that disagreement with
Condominium associations often choose to finance major common element repair projects by obtaining bank loans. This type of loan is