Iowa Code § 499A.18A

Current through bills signed by governor as of 5/17/2024
Section 499A.18A - Upkeep of the cooperative

It is the duty of the cooperative to maintain generally all portions of the cooperative's real property other than the apartment units. The maintenance, repair, and replacement costs of the cooperative's real property shall be contributed to by each of the members in accordance with the proration formula set forth in the bylaws. Each member is responsible for maintenance and repair of the person's apartment unit in the manner provided for in the bylaws and as prescribed by each member's proprietary lease.

Iowa Code § 499A.18A

91 Acts, ch 30, §11