What are the basic rules under which the condo operates called?

The basic rules under which a condominium operates are referred to as bylaws. Bylaws serve as the governing documents that outline the rules and regulations for the condo, specifying how it will be managed, the rights and responsibilities of the unit owners, and the procedures for decision-making within the community. These documents are crucial as they provide a legal framework that governs the day-to-day operations and long-term governance of the condo association.

Bylaws typically include provisions regarding meetings of the board, voting rights of the residents, the process for changing the rules, and the responsibilities for maintenance and management of common areas. Understanding bylaws is essential for condo owners as they set the tone for how the community functions and ensure compliance with state laws regarding condominiums.

Regulations, policies, and procedures may be components of the governance framework but do not specifically encompass the foundational legal structure that bylaws represent. Regulations may implement specific rules; policies could guide general conduct, and procedures would outline the steps for executing certain actions, but it is the bylaws that hold the legal weight and specify the operational structure of the condominium.