The word “condominium” denotes a form of ownership in which unit owners share ownership of common areas such as roads and recreation facilities. Condo buyers automatically become members of homeowners associations that establish bylaws and rules detailing the members’ responsibilities and rights. State statutes and governing documents of homeowners associations spell out an owner’s rights and responsibilities in renting out a unit. In California, the Davis-Stirling Act governs homeowners associations. Read the article……………………
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