![]() ![]() If this is a common problem for the community the Board can take steps to try to encourage attendance at meetings. This can lead to homeowners who are disenfranchised and do not feel that the Board adequately represents their interests. However, it is problematic if year after year the association is unable to obtain the quorum necessary to allow the homeowners to elect their Board of Directors. There is a provision in the CRNCA that addresses this issue and provides that directors in office remain in office despite the expiration of their terms until such time as their successors are properly elected. Has your association ever called an annual homeowner meeting only to find that not enough homeowners were in attendance to hold the meeting, approve prior meeting minutes, and elect a Board of Directors? Quorum is the minimum number of participants necessary to take action at a meeting. ![]() This article discusses some of common reasons associations may want to consider amending their governing documents in the new year. Over time the association’s Board of Directors may find that their governing documents do not comply with changes in law, no longer suit the needs of community, and/or that updates are needed to address current trends and current operational challenges. In addition, as communities age so do their governing documents. Those documents commonly contain provisions related to the development of the neighborhood and developer rights that no longer apply to a fully built-out community. The association’s initial set of governing documents are prepared by the developer’s attorney. These documents are collectively commonly referred to as the association’s “governing documents.”Īmong other things, the governing documents establish corporate operational requirements, set forth the purposes of the association, outline maintenance and insurance obligations of the homeowners and association, and regulate property uses and architectural issues within the community. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744.In addition to state law such as the Colorado Common Interest Ownership Act (CCIOA) and the Colorado Revised Nonprofit Corporation Act (CRNCA), homeowner associations in Colorado are primarily governed by the association’s Articles of Incorporation, Bylaws, Declaration of Covenants, Plat Map, Design Guidelines, and Rules and Regulations. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. ![]() Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. ![]() The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. (NYSE: HOUS), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Sotheby's International Realty Affiliates LLC is a subsidiary of Anywhere Real Estate Inc. About Sotheby’s International Realty Affiliates LLCįounded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. ![]()
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