Amending Governing Documents

Published on Mar 10, 2016

No Description

PRESENTATION OUTLINE

Amending Governing Documents

Reasons to Amend

  • Legislative Changes
  • Ambiguous
  • Remove Declarant language
  • Demographic Change

Amendment vs. Restatement

Process

  • Identify Reasons
  • Determine Statutory Requirements
  • Determine Voting Requirements
  • Determine Method of Voting

Process Con't

  • Solicit Feedback
  • Conduct Vote
  • Finalize, Sign and Notarize
  • Secure Governmental Approvals
  • Record!

When does amendment become effective?

Photo by DafneCholet

Special Requirements

  • 75% of all owners is required for any amendment related to pet restrictions or the rental or leasing of units.