Flat Owners Association Agreement

Flat Owners Association Agreement

4. A liquidator has the right to assert the claim in subsection 1 of this section, even if the housing association has waived the claim against a member of the trustee`s board of directors or entered into a compromise agreement with that member or, after consultation with the member of the board of directors, has limited the right or bid to other means or has reduced the statute of limitations. (2) Where a housing association can apply for a late penalty, the owner of the dwelling may seek compensation from the owner for collection costs and under the conditions of the obligation legislation. (2) The statutes of a housing association may prescribe the obligation of review of the housing association. 3. A decision is taken if more than half of the votes of homeowners are in favour, unless the statutes provide for an increase in majority demand. 1. The purpose of the exclusive property is a part of the building and parts of the building delineated in premises or non-residential spaces that permit separate use and which can be modified, removed or completed without infringing on the common property or the rights of other owners and without altering the exterior shape of the building. (4) “housing association,” a legal entity in private law, whose members all own the ownership of a dwelling, divided into homeowners (hereafter owners). A court decides whether to establish a management plan to end the housing association and the cessation of ownership of the property and the housing co-operative, as well as the termination of the limited real rights to the ownership of the dwelling, or the transfer of these rights to the part of the register to be opened. , with respect to the property, where it is not possible to establish a management plan for the restoration of solvency.

, in all the circumstances. (4) The housing association, homeowners, bankruptcy applicants and bankruptcy trustees may file an appeal against the decision to establish a temporary management plan. (6) By an agreement on exclusive ownership, homeowners can determine the specific amount of money of the housing association`s right of guarantee. (3) The amount of the guarantee right of a housing association is the amount of the administrative costs of the property property for the previous year. The first regular general meeting of the association takes place in the month following the day of the association`s registration.