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Do condominium buildings hold their value better if they do not allow the owners to rent them?
Wiki User
∙ 13y ago
Condominium buildings and thus units within them hold their value if renters live there as though they were owners, fully informed of the guidelines contained in the governing documents, but without the right to vote.
An important issue to consider is the ratio of resident owners versus renters. Lenders are usually interested in more resident owners than renters, and sometimes by a wide margin, such as 25% of the units available for rent, as a cap. Some lenders want an even smaller percentage.
Renters in condominiums can lower a building's reputation when they do not respect the governing documents, either because they have not received copies of them, or the board is lax in enforcing the governing documents through owners to misbehaving renters.
Notices of violations and fines are strong deterrents when applied uniformly and in a timely manner.
Wiki User
∙ 13y ago
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What is a condominium resort?
Generally the term 'condominium resort' refers to a collection of residences built in a resort area. A unit in the complex may be referred to a 'resort condominium'. Sometimes the governing documents require that the residence be available for rent for a fixed minimum number of days or weeks during the year.
Can you keep cats in condominium?
Every condominium project is organized under governing documents that include rules and regulations. Most allow pets and some do not. You would need to check any particular condominium to determine if cats are allowed and the rules that govern pet ownership.
Which is better PS3 vita or PS3?
The PS3 is better unless you need a portable. The Vita is meant for PS3 owners to allow them to have the best portable to go with there PS3. It is better to have both and not just either one
Can condo owner's spouse who is not an owner serve on board?
Whether or not a condo owner's spouse who is not an owner can serve on the board depends on the specific rules and regulations set forth by the condominium association. Some associations may allow non-owners, such as spouses, to serve on the board, while others may require board members to be owners themselves. It is important to review the governing documents of the condominium association to determine the eligibility requirements for serving on the board.
In an 18 unit,3 story condominium buliding; We want to consider installing a master satellite TV dish that would allow access to each of our owners if they want to subscribe. Whom should we contact ?
Call local nursing homes, Many nursing homes are understaffed and should be happy to let you do an internship with them
Can slaves do what ever they want?
Slaves are only allowed to do what their owners allow them to do.
Where can I find a space for lease?
Loopnet.com is your best bet for finding buildings in your area. They allow you to search for buildings that are for sale or for lease, and also different types of buildings such as industrial, hospitals, retail, and more.
How do you spawn buildings on minecraft?
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Why was it difficult for slaves to maintain their culture?
because the slave owners wouldnt allow them to.
Can a non resident in Florida be a condo board member?
Florida Condominium Act doesn't require board members to be residents, nor does it require them to be owners of units. The only requirement is that the individual is at least 18 years old. What's more important is whether your specific condominium's bylaws allow for it, as the condominium association can establish their own eligibility criteria. At Daisy property management, we routinely guide our board members through issues like this and help them understand the finer details of their governance documents to ensure smooth and compliant operations.
Why water tanks in tall buildings are placed at the top of the buildings?
To allow gravity to provide the pressure in the system. The alternative would be for powerful pumps to be used and that would be an expense
Can you own air?
Actually you can. You can buy air rights, which allow you to heighten buildings by adding stories.
