Uptown Condo For Sale

Certain ownership rights are established when you buy a condo: an owner becomes a member of a community, and in turn, all owners must recognize the mutual rights of the community as a whole. All owners are expected to follow the rules and regulations set forth by and for the community, as well as the governing documents established by the condo Association.

Owners have a responsibility to maintain and insure their individual units, but the common—or co-owned—areas of the building are maintainted and insured through the Board of Directors, and paid for by Association dues which are collected monthly from each owner. Occasionally, a large expense for the community requires an Assessment (additional monies collected from owners to pay for repairs or maintenance), but a smart community keeps a healthy Reserve fund to cover most expenses.

The Board of Directors is made up of owners, who are elected at an annual building meeting, to serve for a term of two years. Board members are charged with managing the co-operative business, and enforcing the Rules and Regulations which govern the community.

Please refer to the www.wilhitecondo.org for more detailed information about the current governing structure of the Wilhite condo.