Sentence examples for condominium act from inspiring English sources

Moreover, Mr. Shmulewitz said, under the state's Condominium Act, a unit owner is entitled to inspect the association's financial records.

The state's Condominium Act also provides that the board may, in its discretion, bring actions or proceedings on behalf of two or more unit owners.

But, Mr. Kahan added, New York's Condominium Act does not address the right of unit owners in unincorporated associations to designate a proxy at unit owners' meetings.

"This procedure is commonly known as alternative dispute resolution," Mr. Onorato said, adding that having such a procedure is a requirement of the state's Condominium Act.

A Dennis H. Greenstein, a Manhattan co-op and condo lawyer, says the Condominium Act requires only that the board give all unit owners an annual report of receipts and expenditures.

"The state's Condominium Act imposes upon the board of managers a broad fiduciary obligation to conduct business properly and openly," said Andrew Berkman, a Manhattan co-op and condominium lawyer.

The law became the "Distressed Condominium Relief Act" in 2010, and it helped restore Florida's bottomed-out condominium market by encouraging lenders and developers to take over the condo projects with "fractured" ownership, said Fort Lauderdale attorney Mark Grant, who helped author that legislation.

Condominium Property Act of 2010 (RPPL No. 8-19).

For example, "The Goonies live their lives happily in their little section of the world, until they discover that developers want to turn the goon docks into condominiums, so…" ACT II develops the characters more and deals with the problem.

I thought, 'Something needs to change here.' " After his own termite debacle at the Santa Monica condominium, Johnson decided to act.

The community is organized into a small corporation, run by a board of trustees who act as a condominium association.