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TIME ALLOTMENT
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CON
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COP
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HOA
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TS
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APPLICATION
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1. Immediate
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X
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X
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X
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X
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Election Effective
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2. 10 Minutes
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X
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X
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X
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X
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Usual time of debate
Roberts Rules
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3. 48 Hours (2 days)
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X
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X
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X
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Notice of Board Meeting
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4. 3 Days
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X
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X
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Buyer right to review governing documents – non developer
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5a. 5 Days
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X
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X
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X
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X
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Report elevator accident
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5b. “
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X
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X
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Provide records upon written request
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6. 7 Days
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X
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Provide records
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7a. 10 Days
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X
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Right of rescission
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7b. “
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X
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X
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Fail to provide records starts damages of $50.00 per day
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7c. “
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X
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Provide records upon written request
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8a. 14 Days
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X
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X
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X
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Notice of membership meetings
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8b. “
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X
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Notice of budget reconsideration meeting
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8c. “
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X
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X
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Second notice of election
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8d.. “
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X
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X
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Written notice for Board meetings to consider budget or
special assessment
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9a. 15 Days
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X
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X
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Right of rescission – Developer to owner/initial sale
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9b. “
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X
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X
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Provide Certificate of Assessment
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10a. 21 Days
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After year end financial statements received from third
party, give to owners or give availability notice
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10b. “
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X
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Condo board consideration of budget
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11a. 30 Days
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X
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Annual budget to division
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11b. “
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X
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X
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X
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X
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Reasonable time
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11c. “
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X
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X
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X45*
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X
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Notice of foreclosure
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11d. “
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X
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X
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X
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X
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Notice of change of elevator service
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TIME ALLOTMENT
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CON
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COP
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HOA
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TS
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APPLICATION
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12. 35 Days
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X
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X
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Dead line for candidates to provide candidate information
sheet
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13. 40 Days
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X
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X
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Prior to election – dead line to become a candidate for
the Board
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14. 45 Days
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X
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X
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Provide tenant notice of acceptance of extension of rental
agreement in a conversion
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15a. 60 Days
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X
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X
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Mail first notice of election
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15b. “
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X
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Notify owners and make year end formal or informal
financial report available
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15c. “
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X
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Send owners copy of year end financial reports
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15d. “
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X
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X
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X
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X
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File elevator report
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15e. “
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X
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Call budget reconsideration meeting
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16a. 90 Days
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X
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X
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Proxy valid
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16b. “
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X
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X
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Complete preparation and distribute to owners year end
statements
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16c. “
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X
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X
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X
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Develop transition. Turnover required after 90% of units
sold
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17. Quarterly
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X
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X
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Collect assessments, (monthly/bi-monthly is okay)
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18a. 1 Year
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X
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X
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X
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Claim of Lien valid
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18b. “
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X
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X
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Warranty – Other than structural components
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18c. “
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X
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X
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Warranty – Beyond transition
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18d. “
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X
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Collect assessments
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19a. 2 Years
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CAM license period even
years
(10-1/9:30)
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19b. “
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X
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X
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Limit on developer right to vote to waive reserves
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20. 3 Years
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X
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X
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Warranty on structural components
(from CO)
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TIME ALLOTMENT
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CON
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COP
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HOA
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TS
|
APPLICATION
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21a. 4 Years
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X
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X
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X
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X
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Maximum term of office – check docs.
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21b. “
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22a. 5 Years
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X
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X
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Maximum developer warranty from CO
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22b. “
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X
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Claim of Lien valid
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23a. 7 Years
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X
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X
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Maintain records
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23b. “
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X
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X
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Limit on developer control
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*45 days notice to
foreclosure. 45 days to foreclose. Any time owner can state to pay and starts
the process again. Purchase of foreclosure also assumes mortgage.
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