Page 10 - New England Condominium April 2020
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Q&A  Disclaimer: Th  e answers provided in this Q&A   column are of a general nature and cannot   substitute for professional advice regarding your   specifi c circumstances. Always seek the advice of   competent legal counsel or other qualifi ed profes-  sionals with any questions you may have regard-  ing technical or legal issues.  Accounting • Auditing • Taxes • Consulting  Worcester 67 Millbrook Street   508-797-5200  Grafton  80 Worcester Street  508-839-0020  Holden  795 Main Street   508-829-5544  M Love Associates,  &  LLC  Certified Public Accountants  Serving Condominium Associations  mlove 2.25 x 2.5 condo association color 9.19.2017.indd   1  9/19/17   12:59 PM  BANKING  Advertise In Th  e New England   Condominium Marketplace  —Call 212-683-5700—  Target Key Decision Makers In   Th  e Co-op, Condo,   & HOA Community   By Placing Your Ad Here  See Our Display Ad on Page 4  grandfathering. Th  e choice regarding the   appropriate policy for the association is up   to the community.   “Once the policy has been formulated,   the board should work with legal counsel   to prepare the formal amendment or rule   change to refl ect the restrictions/limita-  tions that have been chosen. Th  en, in the   case of an amendment, the policy should   be put to a vote or community approval in   accordance with the terms of the govern-  ing documents.  In many cases, this may   require calling a special meeting of the   owners.    “While there is no ‘one-size fi ts all’ so-  lution to smoking at condominiums, there   are certainly measures that motivated board   members or unit owners can take to ad-  vance smoke free or restricted policies.”      n  flict relative to who is responsible for   what repairs, particularly when the repair   involves systems like plumbing, which   traverse both common and private areas.   For example, where within a wall does a   pipe become the responsibility of the as-  sociation or corporation? Where does the   liability of the owner or shareholder end?   Documents should contain specific pa-  rameters, spelled out in concrete terms of   feet and inches to clarify these issues and   to avoid conflict.  The Process  The process of amending and updat-  ing documents is not a short one, and   requires a number of steps. According   to Reich, “First, the attorney should re-  view  the  existing  \[documents\]  and  rec-  ommend changes. At the same time, the   board  should have some ideas  of  their   own about changes they would like to   see. The attorney and board should col-  laborate on these changes.   “The second step is to draft amend-  ments. The attorney should then meet   with the board to review the changes. The   next step is to memorialize the changes   for the owners or shareholders in both ex-  act legal language and in a ‘plain English’   translation, along with an explanation   from the board to the residents explain-  ing why the review was done. A meeting   should then be set up for the residents to   provide feedback. After that feedback, a   revision should be made, and a second   version of the amendments presented.   After a  second  community-wide  review   and perhaps another meeting, a final ver-  sion should be produced, and a date set   for a meeting to ratify the changes.”  Shapiro outlines a similar process   for changes to governing documents for   condominium associations in Massachu-  setts, but notes that in some cases mort-  gage holders on the individual units may   require consent to the changes, and that   the changes must be recorded within six   months of the first signatures obtained to   ratify  them.  Trust  amendments  also  re-  quire filing at the county level.  When, and How Often?   How often should a co-op or condo   association  consider revising their gov-  erning documents? According to Reich,   Shapiro, and Weinstein, about every five   to 10 years. One consideration factoring   in to how frequently to review and revise   is how attentive and responsive the board   and its attorney have been to changes in   laws and operational needs, and wheth-  er they’ve been amending the govern-  ing documents regularly to reflect those   changes. The more prudent, incremental   changes that have been made to keep up   with legal and market factors, the less   frequently a total revision will be neces-  sary. According to Reich, this is where   UPDATING...  continued from page 9  Q&A  continued from page 5  your community’s relationship with its   legal counsel is key, because “attorneys   should be on top of issues affecting the   proprietary lease and keep the board in-  formed!”  Board  members,  owners,  and  share-  holders must keep in mind that a co-op   or condo community is a living, breath-  ing organism — and like any organism,   it needs to grow and change in order to   remain healthy and vital. Those changes   may be organic to the needs of the com-  munity, like changing a policy relative to   smoking or subletting, or they may be   stimulated externally, by changes in law   and legislation that affect corporations   and associations. In either event, these   changes  need  to  be  attended  to  for  the   overall health and effective operations of   the community.                                    n  A J Sidransky is a staff writer/reporter   for New England Condominium, and a pub-  lished novelist. 


































































































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