Condos On The Market In Singapore
The software and working system utilized by the association which allow the manipulation of data, even when the proprietor owns a copy of the identical software program used by the association. Information obtained by an association in connection with the approval of the lease, sale, or other transfer of a unit. A certified copy of the articles of incorporation of the affiliation, or other paperwork creating the association, and every modification thereto. A photocopy of the recorded bylaws of the association and each modification to the bylaws. When figuring out the sufficient quantity of property insurance coverage protection, the association may contemplate deductibles as determined by this subsection.
Adequate property insurance, no matter any requirement in the declaration of condominium for protection by the association for full insurable value, substitute cost, or related coverage, must be based mostly on the substitute price of the property to be insured as decided by an unbiased insurance coverage appraisal or replace of a previous appraisal. As to mortgages recorded earlier than October 1, 2007, any existing provisions in the declaration, articles of incorporation, or bylaws requiring mortgagee consent shall be enforceable. The declaration might designate other parts of the condominium property as common …