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The option for cancellation is available pre-turnover when the non-developer members own seventy-five (75%) percent or more of the voting interests in the condominium.
The contract can be cancelled with an approving vote of not less than seventy-five (75%) percent of the voting interests other than the voting interests owned by the developer.
If the son had a small painting business and he had insurance, this would not be an issue provided that the Board approved it and the father abstained from the vote
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In the meantime, CAI’s policy on self-governance—allowing a community association to determine what is best for their community by a community vote to establish a related covenant—applies
Do you make it easy for owners to vote? On the flip side, has your board adjusted rules "on the fly" without providing adequate notice to your owners?
To Have More Palatable Document to Vote On Even when the Board does have a goal of raising dues, they often do not want to shock the community members into thinking the community is on the brink of running out of money (even when many are)
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