Can a condominium have a bylaw no renters?

Answer Yes, and if your intention is to buy a condominium as a rental/income property, it's a good idea to read the governing documents to ascertain whether or not rentals are allowed.In another situation... Read More »

Top Q&A For: Can a condominium have a bylaw no renters

Do condominium owners have to have insurance in accordance with the Illinois condominium property act?

If the Illinois Condominium Property Act says that you **shall** have insurance -- not **may** -- and lays out specific terms and conditions, you are strongly urged to obey the law. In the case of ... Read More »

501(c)(3) Bylaw Requirements?

One of the first tasks involved in forming a nonprofit organization is applying for tax-exempt, or 501(c)(3), status from the IRS. Part of this application includes writing bylaws to be approved by... Read More »

Do you have to have receipts to show value of property when apply for renters insurance?

If the association fees are part of the obligations of your landlord under your lease agreement you could pay the fees directly, then deduct them from the rent, sending a letter to the landlord wit... Read More »

What is the percentage on renters that actually get renters insurance?

About thirty percent get renters insurance. Renters insurance should be the top priority of any renter however. It helps just in case a strom, or anything else does damage to the place one is renting.