JamesC (Maryland)
Posts: 282
Posts: 282
Posted:
I have been doing research to see why Amendments to the Declarations require seventy-five percent(75%) of lot owners to amend the Declarations. Googled, but did not find much at all.
At what point does the BOD have sole authority to change things like Rules/Regulations, Bylaws, or Amendments?
I ask the question because (example) if monthly dues are going to be raised, the lot owners would be notified to attend a special meeting for their input, but in the end the BOD are the only one's who get to vote. Is it because the lot owners would not vote to increase their monthly fees (crazy if they do), or does it spell out somewhere the difference between Changing Amendments/Rules Regulations, etc.? Who is required to vote on making such changes the BOD, or the Lot Owners.
Thanks:
Jim
At what point does the BOD have sole authority to change things like Rules/Regulations, Bylaws, or Amendments?
I ask the question because (example) if monthly dues are going to be raised, the lot owners would be notified to attend a special meeting for their input, but in the end the BOD are the only one's who get to vote. Is it because the lot owners would not vote to increase their monthly fees (crazy if they do), or does it spell out somewhere the difference between Changing Amendments/Rules Regulations, etc.? Who is required to vote on making such changes the BOD, or the Lot Owners.
Thanks:
Jim