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REAL ESTATE

          

Viewpoint ©

Condominium changes in Nayarit - Part II Common Property
By Harriet Murray
August, 2004

In a vertical condominium the common areas are the entire land, the foundations and retaining walls, hallways and stairs, general use roofs, gardens, installations and appliances that have common use such as sewer system, wells, holding tanks, elevators, electrical installation for cable televisions, computer networks, and gas lines.

In a horizontal condominium development, the difference is that the land individually owned is NOT part of the common land ownership. The rest of the common ownership is similar to that of vertical condominium ownership.

In both types of ownership, parking spaces are common areas when they are for general use.

The assemblies in Nayarit are to be held every 6 months, which is a big change from the once a year requirement. The goal of the ordinary assembly is to inform the owners of the business of the condominium and to deal with issues pertaining to the ownership.

The extraordinary assemblies are held when there is a need to decide on:

a. Modification of the deed of the condominium or its by-laws.
b. To voluntarily dissolve the condominium by-laws
c. To complete new construction projects
d. To decide whether or not to rebuild the construction in the event damage
e. Decide upon urgent issues as they arise.

In the case of joint condominium development, the administrators of these properties may hold their own assembly or meeting, which shall be run by the committee for the overall administration. Assemblies may also be held by a section or group with which issues relate their buildings only. The administrator shall run this meeting, and his/her decisions may not be contradictory to decisions made in the general assembly or affect the owners as a whole.

Resolutions or decisions of these assemblies will be made by simple majority of the votes present, according to the percentage of common ownership, except in the case when the current law, condominium deed or the by-laws have established a special majority.

The vote in these assemblies or meetings shall be personal and direct. Under no circumstances may a single individual represent more than two condominium owners, even with power of attorney. Under no circumstances may the administrator represent any condominium owners at the assemblies.

When an owner is named administrator or to the Board, he or she must be in good standing in maintenance payments, dues and reserves.

If a single owner represents more than 50% of the votes and the rest of the total value of votes are in attendance, at least half of the remaining votes are required in order for a vote to be valid. If there is not al least a 75% attendance of the total value of the condominium development, a second call of the assembly will occur, and a 75% percentage of the votes will be required for vote to be valid. If these conditions are not met, the majority owner or minority owner may submit any discrepancy to arbitration as provided in the lower or to special courts.

The minutes of these meetings shall follow a certain procedures, including being written ana current in the book of minutes with the history of the assemblies. The President, secretary, members of the Vigilance Committee (Board of Directors) who are in attendance and condominiums owners (who are asked to) shall attest to the accuracy of the meeting by signing the record of the minutes.

The condominium owners' book of minutes shall always be in sight and each owner shall be informed, in writing, the resolutions adopted at the assembly. The minutes of the meeting shall be sealed before a notary public in the following cases:

a. The deed is modified and it shall be registered in the Public Registry
b. The by-laws are modified.

Announcements of the general assemblies shall be made in advance with details of the meeting time, date, agenda, as well as the name of the person/group calling the meeting.

The notices of meetings shall include delivery of the notice to the individual properties; the notice shall be posted in visible locations around the development.

Either the administrator, the V Committee (Board), or at least 25% of the total owners, may call a meeting.

When the first meting is held after the first announcement, 75% of the owners are required to be present. After the second announcement, a simple majority quorum will be sufficient. In the event of a the event of a third call for the meeting, the assembly will be declare legal with the condominium owners who are present ana in attendance. Resolutions voted upon in this case, should re require a majority of those present.

Adopted resolutions in proper assemblies held within the terms of the law, the ay-laws ana any other applicable legal regulations, shall be followed by all condominium owners, included those who are absent or opposed.

Notice of assemblies shall be sent out 8 natural days in advance of the date of the first announcement. Between the second announcement and the convening of the assembly, the minimum time will be a half hour and the same for the third announcement and convening of the meeting. This procedure allows owners to conduct a meeting when there are fewer owners in attendance than anticipated.

If there is an emergency, the by-laws shall take into account the circumstances and shall be subject to other regulations of the law and the by-laws.

The administrator or at least 25% of the condominium owners may request the presence of a public official, if they believe the importance of the issues being discussed warrant such a presence at the meeting.

This article is my summary of some of the high points of the English translation of the Law Change in Nayarit for Condominiums.

Harriet Cochran Murray

For additional information on properties, for sale or lease within the bay please visit Harriet Murray website, call or e-mail me at: harriet@casasandvillas.com

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