In the latest issue of Condominium Magazine, Denise Lash and Barbara Holmes discuss the importance of condominium corporations periodically reviewing their bylaws.
Bylaws put in place by developers are generally “one size fits all.” As such, they may not satisfactorily deal with the unique issues of concern for a particular condominium.
Depending on the nature of the condominium, such as the age of the building, resident demographics, the dynamics between board members and residents, and the amount of insurance claims the corporation has incurred, a condominium corporation’s bylaws need to be tailored to adequately address those issues.
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