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Does the fact that a Condo is a rental unit affect the values of the other condos?
Wiki User
∙ 13y ago
It may.
Lenders generally will not grant mortgages to potential buyers when the number of rentals in an community is too high. The number varies from 30% to 49%, above which, there will be no loan or refinance.
As well, some insurers will not insure communities where the rental number is 'too high'.
When there are more than 49% of the units rented, owners can probably only sell to all-cash buyers.
Wiki User
∙ 13y ago
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What insurance companies will provide homeowner or condo insurance for a rental condo without having to insure your primary residence in my case rental insurance?
Your local insurance broker can answer your question.
What's the difference between a condo and a duplex?
The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.
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.
The office Michael scotts real estate agent?
Carol Stills is the real estate agent that sold Michael his condo and then later dated him.
When a condo is off the market in real estate language what does this mean?
In real estate language this means that there is no active listing for the condominium, advertising it for sale.
How many condo owners?
In most communities, the majority of residents in condos are owners. There are some rental units, but for the most part the people that own the condo also live in it.
How much can one expect to pay for a one bedroom condo rental in Breckenridge?
A lot depends on wich condo you rent in Breckenridge. The prices for a condo range between 250 dollars a night and 1100 dollars a night. Some condos also offer a free night.
What will be put into the Chicago Spire?
Condos and amenities for the use of the condo owners.
Where can one buy a condo in New York?
One can buy a condo in New York by looking at places that sell condos. One can find a real estate agent that can help them find condos that they like.
What is the name of the condo where brooke hogan live?
Masaic Miami Beach condos http://www.kevintomlinson.com/condos/mosaic_miami_beach Masaic Miami Beach condos http://www.kevintomlinson.com/condos/mosaic_miami_beach Masaic Miami Beach condos http://www.kevintomlinson.com/condos/mosaic_miami_beach
Where could someone buy a condo?
You can buy a condo by going to websites such as Craigslist and finding available condos for sale. In addition, you can see the newspaper to buy a condo.
What are the advantages of having a condo?
The main advantage to having a condo is the property upkeep. Most condos have a condo fee, but this fee covers all outside maintainence, such as landscaping, lawn mowing, and snow plowing. Many condos also offer free exercise facilities.
What are some resorts with condos for sale in North Carolina mountains and Tennessee smokies - but NOT pigeon forge - with management company to handle condo rental after purchase?
You can ask this same question of a local realtor, who may have answers to your question.
Which companies offer condos in Orlando?
Condos are usually sold by private owners. Which means not very many companies own the condos. If the condo is for sale you will see a sign out for it. Also look in the paper.
What are the condo fees for 6201 Garden Rd Condos?
The board or the association manager can answer your question.
Where can one find information for the Mississauga condos?
Information for the Mississauga condos can be found on the official Mississauga condo website. Their agent will help you directly for all your needs there.
What are some condos in Bubank?
A condo is similar to an apartment, but usually more upscale and unlike an apartment where you don't have to pay for repairs, you do in a condo. As far as for where are some condos in Burbank, check a real estate website such as Century 21 and see if you can find listings.
