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The act gives unit owners the right to receive notice of board meetings and an opportunity to attend.

"They can repair the old one," Smith explains, "but if they want to put in a new indoor pool, that's a capital improvement, and they'd have to get the approval of the unit owners.Eligible employees must use compensatory time or paid leave if available, or take leave without pay.Read more about Holidays for a full description of closure and eligibility.They're also responsible for the employment and the management contracts." Smith adds that owners are liable for "basically everything within their four walls, plus anything that serves their unit exclusively—that applies to a patio or a balcony as well.They're also responsible for utilities that serve the unit." Miranda makes an important distinction between homeowner and condo associations and cooperatives—in the case of homeowner associations, the common elements are usually separate parcels of real estate.

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