INDEX 1. The executive summary highlights for a buyer of a Executive Summary. condominium unit essential information regarding the condominium. The executive summary is set forth under Tab 1. 2. The declaration establishes and describes the condominium, the Declaration. units and the common areas. The declaration is set forth under Tab 2. 3. The bylaws contain rules which govern the condominium association Bylaws. and affect the rights and responsibilities of unit owners. The bylaws are set forth under Tab 3. 4. All condominium owners are subject to various rules and Rules and Regulations. regulations concerning their conduct within the condominium. The rules and regulations are set forth in Section 6.1 of the By-Laws. 5. The operation of the condominium is governed by the Articles of Incorporation. association, of each unit owner is a member. The Association has currently elected to operate as an unincorporated association, so there are no Articles of Incorporation on file. 6. There are currently no management or Management or Employment Contracts. employment contracts. 7. The association incurs expenses for the operation of Annual Operating Budget. the condominium which are assessed to the unit owners. The operating budget is an estimate of those charges that are in addition to mortgage and utility payments. The budget is set forth under Tab 4. 8. The seller has prepared a condominium plat which shows Condominium Plat. the location of the unit you are considering and all facilities and common areas that are part of the condominium. A copy of the condominium plat is set forth under Tab 5.
INDEX 1. Executive Summary. The executive summary highlights for a buyer of a condominium unit essential information regarding the condominium. The executive summary is set forth under Tab 1. 2. Declaration. The declaration establishes and describes the condominium, the units and the common areas. The declaration is set forth under Tab 2. 3. Bylaws. The bylaws contain rules which govern the condominium association and affect the rights and responsibilities of unit owners. The bylaws are set forth under Tab 3. 4. Rules and Regulations. All condominium owners are subject to various rules and regulations concerning their conduct within the condominium. The rules and regulations are set forth in Section 6.1 of the By-Laws. 5. Articles of Incorporation. The operation of the condominium is governed by the association, of each unit owner is a member. The Association has currently elected to operate as an unincorporated association, so there are no Articles of Incorporation on file. 6. Management or Employment Contracts. There are currently no management or employment contracts. 7. Annual Operating Budget. The association incurs expenses for the operation of the condominium which are assessed to the unit owners. The operating budget is an estimate of those charges that are in addition to mortgage and utility payments. The budget is set forth under Tab 4. 8. Condominium Plat. The seller has prepared a condominium plat which shows the location of the unit you are considering and all facilities and common areas that are part of the condominium. A copy of the condominium plat is set forth under Tab 5.
DISCLOSURE-MATERIALS-INDEX-00810661x9D9B4.docx