Publish Date: October 24, 2016
There are several revisions that can be made to condominium bylaws to improve the collection of common charges and make the corporate governance of the building more efficient.
The Real Property Law requires that common charges should be based on a unit-owner’s percentage of common interest, with certain exceptions for insurance and utilities. So most condominium bylaw provisions pertaining to common charges are similar in content and leave room for improvement.
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