The By-Laws are developed during the incorporation phase of a business or nonprofit. Bylaws are the rules that govern the internal management of an organization. They are written by the organization’s founders or directors and cover, at minimum, topics such as how directors are elected, how meetings of directors are conducted, and what officers the organization will have and their duties.
They represent the contractual obligation of each Member. The bylaws serve to keep the property safe and ensure a continuity within the building and community itself. The bylaws regulate voting rights, association meetings, assessment allocation, use of property and common elements, stipulations on selling and renting, and parameters for construction. As each unit is a reflection on the entire property, bylaws may also have regulations on cleaning, if a service is not retained. Other items often regulated in bylaws are window treatments, noise regulation, pets and parking to name a few.
This document is the second dedicatory instrument in the document hierarchy of our Governing Documents. It further defines the covenants, conditions, and restrictions (CC&R) for the Montrose Place Townhomes Owners’ Association, Inc. This document is subordinate to the Declaration and Master Deed; all provisions thereof shall not conflict with those dedicatory instruments.