Q: Does an item in an Offering plan remain in effect forever? Can it be changed or eliminated? If so, how is this done?
Our offering plan for a condominium contains a line item in the budget for basic cable service. This was in 1988. How would the association revise or eliminate this item? The fee charged by the cable service is a line item in our current budget. The contract with the Cable Company is for all units. Some units have a different cable service but are still charged for service that they do not get.
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- New York
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- Answered
A:
Greetings:
Any by-law to a Condominium Offering Plan can be amended by the Board of Managers unanimously voting to pass an AMENDMENT to any particular provision in the existing by-laws.
Speak with any Board Member in this regard to proceed in having this accomplished.
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