Use of Shared Assets. The owners are obligated to ensure the due use of the shared assets of the Condominium, as well as to notify the Administrator of any situation, fact or act which jeopardizes the security and conservation of those assets. Each joint owner, lessee, Occupant or holder, or any individual or corporation which occupies a subsidiary property, independently from the owner thereof, shall be responsible for damages. caused to shared things through fault or negligence, or by its tenants, employees, salespeople, or visitors, and they will be liable to cover the costs incurred for repairs, failing which the sanctions set forth herein will be applied. Also, all of the Joint Owners, lessees, Occupants and holders under any title shall abstain from all acts, even within their own property, which impede or lessen the efficiency of the operation or use of the shared areas. EIGHTH ARTICLE: Improvements to shared assets and maintenance: Under Article 30 of the Law, the Administrator is responsible on behalf of the Condominium Joint Owners’ Meeting for the care and surveillance of the shared assets and services, the care and operation of the installations and general services, as well as of all of the conservation processes of the Condominium. Furthermore, the Condominium Joint Owners’ Meeting may set the corresponding guidelines for the Administrator to perform his/her duties, and particularly regarding the care of the shared assets. Improvements to the shared assets shall be approved in the Condominium Joint Owners’ Meeting according to Article 14 of the Law in the following manner: a:: Necessary improvements shall be approved by owner votes representing a simple majority of the value of the Condominium, and b) Usefu, improvements, by owner votes representing two thirds of the value of the Condominium. The Joint Owners, lessees, Occupants or holders, under any title, are obligated to permit and support the annoyance caused by maintenance work in shared and private areas, as well as conservation work and repairs. Consequently, the access and throughway of the people in charge of overseeing, directing and performing such work shall be allowed in all of the areas of the Condominium that are involved in mainL’enance. The Administrator, on his/her part, shall implement all pertinent measures to ensure that the maintenance work produces as little annoyance or damage as possible. NINTH ARTICLE: On the Condominium Owners’ General Meeting, meetings, convocation and quorum: The Condominium Joint Owners’ Meeting, is the. Supreme Body of the Condominium and therefore its governing body, and its decisions are binding on all the joint owners, lessees, occupants or holders, under any title, of the subsidiary properties or areas of the Condominium. The Meeting is formed by all the joint owners, either individuals or corporations, which hold property title over the subsidiary properties of the Condominium. The meetings of the Joint Owners Meeting must be held ordinarily according to law and this Bylaw at least one time per year during the month of January, and extraordinarily when so summoned by a number of owners who shall represent one third of the total value of the Condominium or by the Administrator in performance of his/her duties under Article 25 of the Law or when so stipulated during a preceding Meeting. Quorum to call order of the Meeting on the First Summon will be accounted by those joint owners representing a minimum of two thirds of the Weal value of the Condominium, and by any number of joint owners present for the Second Summon. All summons shall be issued in writing and with acknowledgment of receipt by any adult person in his/her right mind who may be working at the domicile of the Joint Owners which they notified to the Condominium Administrator for that purpose. In cases in which the subsidiary is also the parent of another condominium, summon notice must be delivered to the office of the administrator of the Independent Condominium. At the option of the Condominium Administrator, summons must be made by means of a publication in a national newspaper at least 30 calendar days in advance of the date on which the Meeting will be held, without considering the day of the publication or the date of the meeting when estimating said period. Summon notices must specify the agenda with specific: issues for consideration, as no miscellaneous matters will be allowed; the place, date and time set for the first and second summons. Failure to fulfill any of the above-stated requisites will result in the annulment of Meeting held. Once the Meeting has been summoned, those subsidiary properties which are also the parents of independent condominiums must hold their own joint owners Meeting in advance to bring a single position to be taken in regard to the issues submitted for consideration on the agenda in the summon of Condominio Coyol, as well as to appoint a representative to attend the Meeting and vote according to instructions. In that case, the Meeting of each individual subsidiary condominium will hear or resolve its own internal issues, which may not have been previously included or described in the summon notice of Condominio Coyol, though point number one of their own summon and the primary reason. .For the meeting shall be to appoint the representative and provide voting instructions for the Condorninio Coyol’s Meeting. The Condominium’s Meeting will be presided over by the Administrator, except that the duly constituted Meeting should agree otherwise by simple majority vote of the attendee owners.
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Use of Shared Assets. The owners are obligated to ensure the due use of the shared assets of the Condominium, as well as to notify the Administrator of any situation, fact or act which jeopardizes the security and conservation of those assets. Each joint owner, lessee, Occupant occupant or holder, or any individual or corporation which occupies a subsidiary property, independently from the owner thereof, shall be responsible for damages. damages caused to shared things through fault or negligence, or by its tenants, employees, salespeople, or visitors, and they will be liable to cover the costs incurred for repairs, failing which the sanctions set forth herein will be applied. Also, all of the Joint Ownersjoint owners, lessees, Occupants occupants and holders under any title shall abstain from all acts, even within their own property, which impede or lessen the efficiency of the operation or use of the shared areas. EIGHTH ARTICLE: Improvements to shared assets and maintenance: Under Article 30 Thirty of the Law, the Administrator is responsible on behalf of the Condominium Joint Owners’ General Meeting for the care and surveillance of the shared assets and services, the care and operation of the installations and general services, as well as of all of the conservation processes of the Condominium. Furthermore, the Condominium Joint Owners’ General Meeting may set the corresponding guidelines for the Administrator to perform his/her duties, and particularly regarding the care of the shared assets. Improvements to the shared assets shall be approved in the Condominium Joint Owners’ General Meeting according to Article 14 Fourteen of the Law in the following manner: a:: ) Necessary improvements shall be approved by owner votes representing a simple majority of the value of the Condominium, and b) Usefu, Useful improvements, by owner votes representing two thirds of the value of the Condominium. The Joint Ownersjoint owners, lessees, Occupants occupants or holders, under any title, are obligated to permit and support the annoyance caused by maintenance work in shared and private areas, as well as conservation work and repairs. Consequently, the access and throughway of the people in charge of overseeing, directing and performing such work shall be allowed in all of the areas of the Condominium that are involved in mainL’enance. The Administrator, on his/her part, shall implement all pertinent measures to ensure that the maintenance work produces as little annoyance or damage as possible. NINTH ARTICLE: On the Condominium Owners’ General Meeting, meetings, convocation and quorum: The Condominium Joint Owners’ Meeting, is the. Supreme Body of the Condominium and therefore its governing body, and its decisions are binding on all the joint owners, lessees, occupants or holders, under any title, of the subsidiary properties or areas of the Condominium. The Meeting is formed by all the joint owners, either individuals or corporations, which hold property title over the subsidiary properties of the Condominium. The meetings of the Joint Owners Meeting must be held ordinarily according to law and this Bylaw at least one time per year during the month of January, and extraordinarily when so summoned by a number of owners who shall represent one third of the total value of the Condominium or by the Administrator in performance of his/her duties under Article 25 of the Law or when so stipulated during a preceding Meeting. Quorum to call order of the Meeting on the First Summon will be accounted by those joint owners representing a minimum of two thirds of the Weal value of the Condominium, and by any number of joint owners present for the Second Summon. All summons shall be issued in writing and with acknowledgment of receipt by any adult person in his/her right mind who may be working at the domicile of the Joint Owners which they notified to the Condominium Administrator for that purpose. In cases in which the subsidiary is also the parent of another condominium, summon notice must be delivered to the office of the administrator of the Independent Condominium. At the option of the Condominium Administrator, summons must be made by means of a publication in a national newspaper at least 30 calendar days in advance of the date on which the Meeting will be held, without considering the day of the publication or the date of the meeting when estimating said period. Summon notices must specify the agenda with specific: issues for consideration, as no miscellaneous matters will be allowed; the place, date and time set for the first and second summons. Failure to fulfill any of the above-stated requisites will result in the annulment of Meeting held. Once the Meeting has been summoned, those subsidiary properties which are also the parents of independent condominiums must hold their own joint owners Meeting in advance to bring a single position to be taken in regard to the issues submitted for consideration on the agenda in the summon of Condominio Coyol, as well as to appoint a representative to attend the Meeting and vote according to instructions. In that case, the Meeting of each individual subsidiary condominium will hear or resolve its own internal issues, which may not have been previously included or described in the summon notice of Condominio Coyol, though point number one of their own summon and the primary reason. .For the meeting shall be to appoint the representative and provide voting instructions for the Condorninio Coyol’s Meeting. The Condominium’s Meeting will be presided over by the Administrator, except that the duly constituted Meeting should agree otherwise by simple majority vote of the attendee owners.
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