Condominiums Co-ops and Home Owners Associations
Real estate home ownership that includes real estate assets owned in common with other home owners.
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added How does a condo association foreclose on a unit to Condominiums Co-ops and Home Owners Associations 26 May 2012 15:00
SterlingHelperOne (supervisor) [282]
made this minor change to the answer of What is an underground condominium 21 May 2012 15:07
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Badluck100
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Intel 23findA purchase in a co-operative does not include land or buildings directly. In a condominium, you typically purchase the unit you...
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There are two kinds of insurance that cover condominiums. 1. The association buys a master policy to insure all the real estate...
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According to Community Associations Institute, the latest number available, for 2009, indicates that there are 60.1 million...
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When buying insurance, it is key that you get an explanation, preferably in writing, from a broker when/if the policy uses any of...
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Co-ops can be set up in various ways. Some co-ops are managed by a trust with the trust holding title to the property and some...
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"Lawful" Yes. Ethical, No. Of course, the person could be voicing their personal opinion rather than fact. If that were illegal...
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Check your local courthouse in the tax records. The property will be listed as well as any reference to the property such as...
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Probably, yes. Read your governing documents to understand the responsibility for collecting the assessments that you owe -- and...
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I got blisters on my feet from the rough concrete of a motel pool once. Never in my own vinyl lined pool. I must not have stayed...
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Check your state laws, all states are different when it comes to worker's comp regulations.
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The answer depends on how much you owe, how much the unit can be sold for, and where the lender's claim on the property falls in...
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AnswerThe best way to answer that question is to ask yourself, "Is this condo in good condition?"If the condo is in good shape,...
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Yes. And before you hire a lawyer to help you, read your governing documents to confirm that your case against the association is...
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Condominium boards are most properly insured with directors and officers insurance -- which best practices recommend, and which...
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Read your governing documents to determine who owns the windows.
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Definitely. Just like you can sue any physical group.Another AnswerDepending on who 'you' are, you may have other options.If you...
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it depends on how your lines run. usually it woulden't effect anything but if your sewer line is to close to some of the fixtures...
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A co-op apartment is were women and men from different families live in the same building. Another Answer In co-op apartment, a...
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The first question is: where is the pool? Who owns the property where the pool is located?If the subdivision is made up of...
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In the state of Florida: You have the right to review the documents by Law before you purchase the unit if from the builder you...
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It is unclear from your question where the 'society' might be located. There may be different definitions in different countries...
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All condominiums -- private democracies -- operate under a set of governing documents. You can read yours (CC&Rs and By-laws,...
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Corrupt is a strong word, and you'll need proof of your accusation to call on any local authority to lay a legal charge on the...
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Sure, you can contractually waive any civil rights you want to, as a condition to being a tenant or a condo owner. Read your...
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There are several variables in your scenario: The original purchase price, the amounts paid as down payments, the amounts of...
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You can find an example by contacting an attorney in the District of Columbia. As well, your governing documents may provide...
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Maybe. If the homeowner's association (HOA) has written, recorded covenants and/or bylaws that require the payment of dues, liens...
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By definition, a duplex implies two. Commonly, a duplex is a pair of homes joined by at least one wall. A condominium is a unit...
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About 20 years ago, it was decided that age restricted communities were not legal. They (the supreme court, I believe) made a...
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There is no standard. Read your governing documents to identify the dividing line between what you own individually, and what is...
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Your governing documents will specify ownership of the dryer vent cover. Lacking any definition for the cover per se, look for...
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Your broker or attorney can help you answer this question. The class code may depend on the type of condominium.
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Apparently, your question implies that using your leverage by not paying your assessments will change the behaviour of the board....
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Yes. Your membership in your condominium association, which is the business chartered with the tasks involved with 'protecting,...
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It all depends on the location of the condominium. In some states, areas, communities, townhouse implies multi-stories, with...
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The association is (usually) a non-profit corporation, so board members are corporate officers. Their duties are spelled out in...
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Some property managers offer this service. Otherwise, any web hosting vendor would be appropriate for your Web site.
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Read your governing documents to understand what details must be included in a letter you plan to send to a unit owner to collect...
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Your governing documents are specific about amending your by-laws, because this process is different in every community. The...
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A common area is defined as a real estate asset that is usable by all members of the community, and is owned in common by all...
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Your condominium association is organized based on some type of legal corporation, usually a non-profit. Your board of directors...
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Find an HOA-savvy attorney who can help you file a lien on the title of the property.
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Regardless of the state where you live, your governing documents determine the pet policies for the community. Read them to...
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Your governing documents should be clear on this issue. If no assessments are collected by the association, how can the...
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I don't know that there are any actual laws that require any groups to use Robert's Rules, but if a group has any binding...
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As with other associations, there should be covenants, conditions, restrictions, regulations, bylaws and rules documenting the...
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Somewhere in your governing documents, probably in pages filed with the local property tax authority, you should be able to find...
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Evicting a home owner from a community is a dramatic action for an association to take against one of its members. Your governing...
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Your association placed a lien on your property based on your failure to pay your assessments. The easiest way for you to clear...
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Yes, in a word. If your water is paid for by the assessments you promised to pay when you purchased your unit, and you do not pay...
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If you've received a lien letter, it contains what it contains. If you're sending a lien letter, read your governing documents to...
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A lien is a legal instrument which prevents the property it is attached to from being transferred, sold, refinanced, and so forth...
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Generally, a condominium project is a form of fee ownership by which several owners share ownership of a building(s) by each...
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a condo is basically an apartment with a different name a penthouse is more of a high dollar apartment near the top of a high...
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Read your governing documents to discover the process for your condominium. There is no standard, but generally, a vote of a...
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Apparently, 421-a is a tax abatement programme in New York State that is available to developers who develop multi-family...
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The governing documents spell out the violations for which tenants can be evicted. These sets of violations are unique to each...
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A lien encumbers the named property until it is paid or satisfied. In most cases the property cannot be transferred, sold or...
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Usually a condominium complex with a garden, or a condominium unit with a garden dedicated to the unit.
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High-density, multi-family housing is as old as civilization itself. Ownership of individual units is also a historical concept....
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Usually just the person that owns the condo. Review your governing documents to understand the qualifications for board...
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u set u lil terminals either hidden in every room or u have a larger hub mounted in the hall on every floor. this is for the...
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Check the language on the deed of trust. Usually, all of the owners own the land and parts of the building in common, so no one...
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Depending on the status of the unpaid assessments, you may need or want to write them off as bad debt. If collection efforts are...
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Read your governing documents to determine the ownership of the balcony. It may be a common area, it may be a limited common area...
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Read your governing documents to determine ownership of the doors in question. Doors inside a unit are usually the responsibility...
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The key to your claim is the zoning ordinance for the neighborhood. You can discover your zoning classification in either your...
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When you purchase a condominium, you purchase the unit. As well, you purchase an interest in the real estate assets owned by the...
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They usually don't foreclose for a condo fee, but they will place a lien on the home, meaning it cannot be sold until the lien is...
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Read your governing documents -- including possible board meeting minutes that document the board's approval of the contribution...
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I believe so. The life estate simply governs the ownership of the property. In other words, you can't sell it and the previous...
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AnswerA simple procedure by use of a quitclaim deed, it is not necessary to use a title company or have a title search done of...
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they are an insured under the policy as they 'own' the outside of the home........no 'implicatons' other than in some claims they...
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Typically, yes, if it is a bona fide lien due to not paying your assessments or for a fine as a result of non-compliance with...
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The monthly condominium association fee -- properly, assessment -- is a sum of money you agreed to pay when you purchased your...
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Read your governing documents to determine ownership. Look for the section 'Unit Boundaries' and look for common areas, limited...
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Read your governing documents to understand what's legal in your community and state. Usually, the association's attorney gives...
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As long as you have a heater strip installed on the compressor, you will not have a problem.
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The risk has been that your homeowners association will overstep its bounds in managing the common property. Some have gone head...
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Read your governing documents to determine who owns the driveway. If you have exclusive use of it, it may be limited common...
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If you mean a board member of a condominium association, a co-op or a home owners association, probably no. Read your governing...
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New Jersey, like most other states, has a state condominium law. Developers commission a set of governing documents for every...
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It sounds like you are working with the association's board. It is possible that you can negotiate with the board regarding the...
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Condominiums are owned according to the governing documents, where an owner can find the line that separates what is owned...
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Condos and Co-ops are different. In a condo, you own the inside of your unit and the condo association owns the land it sits on....
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Any owner of a condominium is obligated to read and understand the governing documents for the association where the owner owns...
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Read your governing documents to determine the process and structure of late fee charges. If you are behind one month, and the...
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In US, the definition of a studio is loosely a single room or a small space where a person lives with furniture that serves...
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Capitalization depends on context. For example, President Jones is proper, and the board president is also proper. The key is a...
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You can ask your owner/landlord to invite you. Understand, however, that you will not be granted the right to vote, you may not...
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An imperfect answer as I have no phone or email address, but I have just been on the phone to RCI Customer Relations and insisted...
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You should review your copy of the Homeowner's Association Agreement or Declaration if you have questions about its policies,...
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Generally the term 'condominium resort' refers to a collection of residences built in a resort area. A unit in the complex may be...
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Usually the term describes a smaller than average condominium unit within a community.
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Read your governing documents to determine whether or not the association has the responsibility to approve leases. If so, then...
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Handicap-centric state laws will always supersede any association's governing documents. State and federal laws appear uniformly...
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The Washington State Condominium Act -- RCW 64.34 (Revised Code of Washington, section 64.34) -- documents the law in Washington...
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Your attorney would use the Discovery Process to subpoena the records necessary. The organizational papers for the association...
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Yes you can, and is it not recommended that you quit paying them. Your association assessments pay for services to support the...
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Home owners associations, condominium and co-operative forms of real estate ownership are common world-wide, and under more names...
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