You live in a condo complex Can communications for condo owners be distributed legally by putting them under the red flag on their mail boxes?

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It's a good idea to read your governing documents regarding distribution of notices before you distribute any, because in doing so, you may be notified of a violation if you do so 'illegally'.

Your governing documents provide for official notification to owners from the board and may also guide you in distribution of informal communications.

It's a good idea to include the board in any communication to owners, perhaps by requesting permission to distribute the communication and requesting board approval.
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