Max Braun, a mechanical engineer, established a small engineering shop in Frankfurt am Main in 1921. In 1923, he began producing components for radio sets. In 1928, the company had grown to such an extent, partly due to the use of certain plastic materials, that it moved to new premises on Idsteiner Strasse. In 1929, eight years after he started his shop, Max Braun began to manufacture entire radio sets.
Condo associations can evict owners after they foreclose on the members' properties. One of the distinguishing features of a condominium is its ownership and management of the building through a governing association.Generally, homeowner members agree to be governed by homeowners associations (HOAs) and bylaws regulating members' activities.ailing to adhere to HOA bylaws can lead to issues for members. For example, condo community HOAs may be able to fine members in violation of bylaws and foreclose and then evict members that are delinquent in dues.
Unlike other private entities and individuals, a Condominium Association has the statutory right to raise money by a special assessment of its members. Under this scenario, a unit owner's failure to pay a special assessment will constitute a lien on each condominium parcel for any unpaid assessments.n many instances, some or all members may not have the money to pay a large lump sum assessment. Typically, an Association will first attempt to look to acquire financing from the bank that handles its operating account. However, the Association should not view the bank as its only source.