What is the Condominium Act?

Condominium Act (WEG) – the Law Governing all Aspects of Freehold Ownership in Germany. Among other things, it governs the principles of freehold ownership, the rights and duties of home owner associations (HOA), and the management of condominiums.Click to see full answer. In respect to this, what are condo rules?”However,” says Garfinkel, “the bylaws in a condominium are the rules and regulation the condo owners are governed by; they are set up to protect the interest of the owners.” The condominium bylaws are a self-governing document for the association.Also Know, what is the Virginia Condominium Act? The Virginia Condominium Act (the “Act”) found under the new Title 55.1, Chapter 19 (§§ 55.1-1900 through 55.1-1995) of the Code of Virginia, applies to “all condominiums and to all horizontal property regimes or condominium projects. Also asked, what is the difference between apartment and condo? The main difference between a condo and an apartment is ownership. Instead, apartment buildings typically have one owner, most likely a corporation, with units leased to individual tenants. Because of this difference in ownership, apartments are also often managed by a third-party company, and not the building owner.What are my rights as a condo owner?Among the legal rights for condo owners is the right to protest changes, vote for or against changes, and apply to the board for permission to perform an action that would normally be against the regulations.