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Read your governing documents to determine whether or not this is possible within your association.

Limitations may include lenders' positions on this issue.

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Q: Can one unit owner own a majority of a condo association property?
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Related questions

Can the owner of the condominium open the business in condo?

Read your governing documents to determine the uses for your property allowed by the association.


If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?

Your attorney can help you answer this question, since it requires a legal answer.


What if the condo owner does not keep condo in good condition?

If the condo owner does not keep the condo in good condition, it could negatively impact the value of the property and potentially violate any rules or regulations set by the condominium association. The condo owner may face fines or penalties and may be required to make repairs or improvements to the unit. Additionally, neighboring condo owners may have the right to take legal action if the lack of maintenance or upkeep affects their own property.


Can the condo association close a swimming pool without a majority vote from owners?

Read your governing documents to determine whether or not this board action requires an owner vote. There is no standard.


Can an association rent a property after putting a lien on it?

When an association owns a property, it can rent the property. In this case, the association probably doesn't own the property, else why has a lien been filed. The property owner's title is clouded by the lien, and the property is still owned by the owner. The association may want to work with the owner to rent the property, to produce an income stream. The final decision, however, remains with the property owner.


Is the owner of condo responsible for fixing driveway?

It depends on the specific terms outlined in the condo association's bylaws or the individual condo's governing documents. In some cases, the responsibility for maintaining and repairing driveways may fall on the condo association, while in others it may be the responsibility of the individual condo owner. It is best to review the governing documents or consult with the condo association to determine who is responsible for the driveway repairs.


Live in condo.. A unit owner repeatedly found urinating in garbage bin on condo grounds. What can the association do to this individual?

This sounds like a situation for the police.


Have Florida legislators passed a law to force condo owners to pay their condo fees?

no but trying to If a condo owner falls more than 90 days in arrears of association, the right to use common areas can be suspended by the association until such dues are paid.


owner?

Condo Roccia


Can a property manager rent a condo unit knowingly that it is in foreclosure?

Renting a condominium unit is the privilege of the owner. If the association manager has written authorization from the titled owner, then rental of the unit is legal. When there is doubt about the legality of executing a rental agreement, thus renting a unit and/or producing/ capturing/ being involved in that rental revenue stream, consult with your association counsel.


Who owes the condo fees incurred after a foreclosure?

Assessments are owed to the association by the condominium owner. If it's a bank, then the bank owes assessments.


How to Determine What Type Of Condo Insurance to Buy?

Condo insurance is not the same as insurance on conventional homes or renters. Condo owners need to ensure that their policies cover all their possessions that are not covered by the Condo Association’s insurance policy. By reading the fine print in the purchase agreement and the insurance policy, a condo owner can determine exactly what type of insurance policy will cover what is not covered by the collective insurance already provided. The condo association will normally collect dues from owners to cover common areas of the complex and sometime installations. The association’s bylaws will state exactly what is covered under the association’s policy. The association’s policy may have a deductible, which is usually divided equally among the unit owners. Collectively, owners may have a “bare walls” policy which covers all real property from the exterior framing inward, but does not cover fixtures or installations within a condo unit. Another type of policy referred to as an “all in” policy covers fixtures and installations, along with the structure and any common areas. The owner needs to know if the policy is cash value, which covers the cost of replacing the items minus depreciation, or if it covers the full replacement cost. If the association has a bare wall policy, the owner must buy insurance to cover features such as countertops, bathroom and kitchen fixtures, flooring and personal items. With an all in policy, the owner may only need to cover personal items. Most insurance companies offer a special unit owners policy, but to save money and ensure that all items are covered, the condo owner needs to determine what he owns and what is covered by the association’s policy. Condo owners are typically responsible for insuring just their property, but the rules differ from complex to complex, and it's important to ask the right questions to ensure you have proper insurance coverage. Usually, condo owners are not responsible for cutting the grass or shoveling ice from the front walk, but they must insure that the proper condo insurance is in place to protect them from any lawsuits related to these things.