Iowa § 499A.18A Upkeep of the cooperative

Iowa Statutes

§ 499A.18A — Upkeep of the cooperative

Iowa § 499A.18A

Title XIIBUSINESS ENTITIES

Ch. 499AMULTIPLE HOUSING

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Bluebook

Iowa Code § 499A.18A (2026).

Text

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.

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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.