Effective: January 1, 2012.

Resolution 2011-4 is a new policy with regard to records retention.  A few highlights:

  • Governing and organizational documents, including bylaws, amendments, minutes, etc. shall be retained permanently, at the Managing Agent, the Site Office, and Legal Council.
  • Most financial records shall be maintained for 7 years; audit reports shall be maintained permanently.
  • Contractual records shall be retained for 7 years past the expiration of the contract.
  • Unit files superseded by a change in ownership shall be retained for 3 years, except records associated with a waiver of rules for modifications shall be retained as long as the modification exists.
  • Etc., etc. There are many types of records and this document contains a detailed document retention schedule.
  • Unit Owners may make written requests for information and may make copies, in accordance with rules described in the policy.
  • Read the resolution for complete information.

These rules will allow Talltree South to judiciously destroy ancient documents and free up space. We don't need 1982 pool passes any more!

Open or Download Resolution 2011-4, Records Retention. [.pdf, 667.1K]

Things You Should Know

Governing Documents

The Virginia Condominium Act, as amended, gives the Association its legal status and gives the Association authority to levy and collect assessments.  The Declaration and the Bylaws authorize and describe how the Association is to be governed.

The Bylaws are the legal document that governs how the TallTree South Condominium Association operates. This large document is part of the resale packet provided to purchasers. For example, it sets out the officers of the Board of Directors and their terms of office. Amending the Bylaws requires a vote of 2/3 of the unit owners.

The Board Resolutions result in the Rules and Regulations for the policies and procedures to be followed by the Board, the Association management staff, and the Talltree South owners and residents. These rules apply to both unit owners and tenants, and have been provided in on this website and in the Owners and Tenants Handbook. Landlords must make sure that tenants review and agree to abide by all these rules as part of their lease agreement. Talltree South unit owners and tenants must receive and review the governing documents when they purchase or rent at Talltree.

clock
Copyright © 2018 Tall Tree South Condominium. All Rights Reserved.
Joomla! is Free Software released under the GNU General Public License.


Joomla Template by Joomlashack; Converted and upgraded by Ursa Major Consulting