DawnL6 (South Carolina)
Posts: 226
Posts: 226
Posted:
Does the rofr belong to the already members of the association,and if a already member acts on the ROFR,does that mean it was waived or accepted?
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ROFR/MEMBERS
Started by DawnL6 • 3 replies • 187 views
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JohnC46 (South Carolina)
Posts: 14,265
Posts: 14,265
Posted:
Typically a ROFR is for the BOD to decide on, not an individual owner.
DawnL6 (South Carolina)
Posts: 226
Posts: 226
Posted:
I think our bylaws use the word "association " and not "the board"which is different.
DeanJ
Posts: 1,786
Posts: 1,786
Posted:
Quote:
Posted By DawnL6 on 09/23/2024 9:12 PM
I think our bylaws use the word "association " and not "the board"which is different.
I think our bylaws use the word "association " and not "the board"which is different.
The board is the decision making body of the Association and speaks for the Association. When the board opted not to exercise the ROFR, they acted for the association.
If the board would had decided to exercise the association’s ROFR, the association would have purchased the property.
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