Condominiums Co-ops and Home Owners Associations
Real estate home ownership that includes real estate assets owned in common with other home owners.
Total questions 1400
Follow
ID2922443901
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
Answers
SterlingHelperOne
Edits
SterlingHelperOne
Organization
SterlingHelperOne
Badluck100
Intel 23find
Questions
Badluck100
Intel 23findIf you are an owner, you can send a letter to the board that quotes the by-law being violated, and detail exactly how the...
Popularity: 2 • Tools: Recategorize
The vacation industry's properties are usually real estate properties, and can be hotels, time-shares, condominiums, homes,...
Popularity: 2 • Tools: Recategorize
From your description, 'juristic person' sounds like a person asked to sit on a committee to adjudge resident actions vis-a-vis...
Popularity: 2 • Tools: Recategorize
Call your local insurance broker. Your broker can work with the community's master insurance policy to determine what kind of...
Popularity: 2 • Tools: Recategorize
Yes. The condominium association must be able to contact you. In case of an emergency, or to notify you of any planned...
Popularity: 2 • Tools: Recategorize
Your governing documents are specific about the 'powers' of the President. As an example: President files amendments to the...
Popularity: 2 • Tools: Recategorize
A condominium community is a private democracy. Its operations are directed by a set of governing documents, including the...
Popularity: 2 • Tools: Recategorize
Since you chose the condominium...category, the assumption is that the non-profit's founder is the developer/ builder of the...
Popularity: 2 • Tools: Recategorize
It depends on your local laws, including your state laws, and the nature of the condominium association's assets. If yours is a...
Popularity: 2 • Tools: Recategorize
If you purchased a property that has an undivided interest in common areas and that requires membership in a homeowner's...
Popularity: 2 • Tools: Recategorize
Regardless of the location, a home owners association -- as a legal entity -- is a property owner with the same rights as other...
Popularity: 2 • Tools: Recategorize
Your monthly assessments pay bills for services all owners benefit from, in common. For example, landscaping, sewer and water,...
Popularity: 2 • Tools: Recategorize
Your question is interesting in that it asks about leaks 'onto' your condo, without stating that the water is leaking 'into' your...
Popularity: 2 • Tools: Recategorize
The answer depends on the state where the condominium is located. You can follow the link, below, and find the state you want.
Popularity: 2 • Tools: Recategorize
Depends on the association. You pay assessments monthly, and they are an automatic part of condominium ownership, usually. You...
Popularity: 2 • Tools: Recategorize
Usually the declaration (decs) includes the Articles of Incorporation for the association, the covenants, conditions,...
Popularity: 2 • Tools: Recategorize
The governing documents for the association spell out eviction processes. They also detail the steps that the board can take...
Popularity: 2 • Tools: Recategorize
A local realtor can answer your question.
Popularity: 2 • Tools: Recategorize
Condominium associations -- according to the governing documents written for that community -- are generally required to insure...
Popularity: 2 • Tools: Recategorize
As a condominium owner, generally, you are covered by two insurance policies: The master policy, which insures all the assets...
Popularity: 2 • Tools: Recategorize
Usually condominium associations carry a master insurance policy that covers common areas and limited common areas. Then each...
Popularity: 2 • Tools: Recategorize
The subject of windows often precipitates the most troubling conversations, raising questions asked about condominiums and...
Popularity: 2 • Tools: Recategorize
You can ask an owner, or you can go to the local hall of records and find the name of the land owner. Most home owner...
Popularity: 2 • Tools: Recategorize
If the Illinois Condominium Property Act says that you **shall** have insurance -- not **may** -- and lays out specific terms and...
Popularity: 2 • Tools: Recategorize
There could be several title risks, including but not limited to: Lien against the title for unpaid assessments, including...
Popularity: 2 • Tools: Recategorize
When you purchase a condominium, you purchase a unit, plus ownership of common areas that you own with all the other unit owners....
Popularity: 2 • Tools: Recategorize
There are several vendors who provide these kinds of applications. These references do not recommend these vendors, they simply...
Popularity: 2 • Tools: Recategorize
It depends. If you added or customized the flooring from the original floor plan than you have additions and alterations. These...
Popularity: 2 • Tools: Recategorize
If you have a homeowner's association, they would most likely be responsible for maintaining the outside of your condo.
Popularity: 2 • Tools: Recategorize
According to the Fairfax (Virginia) Yacht Club:"A condominium slip is similar to an apartment condominium in that the owner...
Popularity: 2 • Tools: Recategorize
Read your governing documents regarding mandatory audits. Depending on the size of the community in number of units or annual...
Popularity: 2 • Tools: Recategorize
Read your governing documents and work with your association attorney to file a lien for unpaid assessments.
Popularity: 2 • Tools: Recategorize
In Canada, and the United States there should be a document registered in the land records that should be mentioned on every deed...
Popularity: 2 • Tools: Recategorize
It depends. If the owner allowed the water heater to 'blow' or fail in any way, even by allowing it to age without inspecting it,...
Popularity: 2 • Tools: Recategorize
Yes, probably. Your HOA assessments are used to pay basic bills for the community, such as master insurance policy premiums,...
Popularity: 2 • Tools: Recategorize
You can find a range of prices for condominium units in any city or state. Prices may range from the hundreds to several million...
Popularity: 2 • Tools: Recategorize
In any state, your assessments pay bills the association incurs for services that all owners enjoy, such as basic utilities,...
Popularity: 2 • Tools: Recategorize
Legal is the interesting term in this question, and may be beside the point. Best practices dictate that at least, this is...
Popularity: 2 • Tools: Recategorize
Usually this work is taken on by an attorney.
Popularity: 2 • Tools: Recategorize
Yes. Regardless of the state where you are a member of an HOA, you can read your governing documents to understand which actions...
Popularity: 2 • Tools: Recategorize
It all depends. The answer depends on who's 'looking' at the property. A bank, for example, may consider it a condominium, and...
Popularity: 2 • Tools: Recategorize
Regardless of the state where the HOA is located, the pool is owned by the members of the HOA -- usually a corporation --...
Popularity: 2 • Tools: Recategorize
Read your governing documents to understand the line between what you own individually and what you own with all other...
Popularity: 2 • Tools: Recategorize
In most states, a state law is the basis for condominium ownership, development and governance. Below is a link from the State of...
Popularity: 2 • Tools: Recategorize
You agreed to pay assessments when you purchased your unit. When you fail to pay them, the board may file a lien on your title,...
Popularity: 2 • Tools: Recategorize
Your question is too broad. Each state has a chapter of its state code that governs all aspects of condominium projects from...
Popularity: 2 • Tools: Recategorize
This style of ownership is best described as community real estate assets owned in common, with individual owners owning...
Popularity: 2 • Tools: Recategorize
Yes.
Popularity: 2 • Tools: Recategorize
Yes. Read your governing documents to discover under which terms the association can sell your unit.Generally, this is possible...
Popularity: 2 • Tools: Recategorize
It depends on the geography where the condominium is located. Usually, in high-density urban areas, a condominium is smaller; in...
Popularity: 2 • Tools: Recategorize
In operating the business of the association, the board is fully vested to make decisions, wherein the board members vote. The...
Popularity: 2 • Tools: Recategorize
It is important when an association hires a management company, that the company have earned a proven track record of managing...
Popularity: 2 • Tools: Recategorize
Read your governing documents to determine which owner behaviours violate the agreements that the owner signed when the owner...
Popularity: 2 • Tools: Recategorize
Your answer depends on who's filming and the purpose for filming or recording an association meeting. There may or may not be a...
Popularity: 2 • Tools: Recategorize
There really is no difference, except for the styling of the name. Both organizations operate through covenants and bylaws...
Popularity: 2 • Tools: Recategorize
Condominium, co-op and home owner association property managers can be responsible for as much or as little as the association...
Popularity: 2 • Tools: Recategorize
No. Read your governing documents to discover parking space ownership options.
Popularity: 2 • Tools: Recategorize
Websites are not permanent.
Popularity: 2 • Tools: Recategorize
For a professional to help you in your property needs? you can search Property Agent directory of property guru. It is a huge...
Popularity: 2 • Tools: Recategorize
The form number depends on variables within the association's business structure, there are a few different forms. Your tax...
Popularity: 2 • Tools: Recategorize
Read your governing documents to determine the length of term for each officer or director on your condominium board. This is the...
Popularity: 2 • Tools: Recategorize
You can find your answer in the documentation for the brand of insulation used in your condominium building. The builder should...
Popularity: 2 • Tools: Recategorize
An association is obligated to renew its non-profit license -- if your association is a non-profit corporation -- with your...
Popularity: 2 • Tools: Recategorize
The board may be limited to listing the unit numbers and not be permitted to list the names, under the privacy laws that govern...
Popularity: 2 • Tools: Recategorize
Liens cloud the title to the condominium, meaning that the property owner owes a debt based on that property which must be paid...
Popularity: 2 • Tools: Recategorize
Swimming pools are defined as "common property" which is supported and maintained by the general assessments that are levied on...
Popularity: 2 • Tools: Recategorize
Communications by boards to the membership of an association should be easily identifiable as coming from the board. According...
Popularity: 2 • Tools: Recategorize
This term sounds like a term you'd find in the master insurance policy, or in an HO-6 policy carried by a homeowner. See the...
Popularity: 2 • Tools: Recategorize
Read your governing documents to better understand your responsibilities to follow guidelines established by the association.
Popularity: 2 • Tools: Recategorize
Read your governing documents to determine what kinds of businesses you can operate from the condominium address. In your case,...
Popularity: 2 • Tools: Recategorize
It's unclear from your question who owns the property, who is foreclosing on the unit and the reason for the foreclosure. If you...
Popularity: 2 • Tools: Recategorize
If the condominium corporation rents its pool to the public, then its rental agreement will specify liability coverage. If an...
Popularity: 2 • Tools: Recategorize
Unless the people who are not part of the association are attempting to perform the association's business, or take advantage of...
Popularity: 2 • Tools: Recategorize
The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or...
Popularity: 2 • Tools: Recategorize
Read your governing documents to determine which actions your association can take in order to collect assessments that you owe...
Popularity: 2 • Tools: Recategorize
It's difficult to understand from your question and the categories you chose, exactly what you want to know. If you invest in...
Popularity: 2 • Tools: Recategorize
Of all the types of liens that can be filed on a real estate title, the association can file a 'specialty lien' specifically to...
Popularity: 2 • Tools: Recategorize
The answer depends on how the contractor is employed by the association. If the contractor is bonded, insured and licensed --...
Popularity: 2 • Tools: Recategorize
If you are an attorney, and you hold a client's property in lieu of payment, then you file an attorneys lien until you have been...
Popularity: 2 • Tools: Recategorize
I think the rules only apply when you have the US as well. For example, if you have US & state, US has to be higher & so...
Popularity: 2 • Tools: Recategorize
Your question and the categories you chose make it look like something in your possession was repossessed on property that is...
Popularity: 2 • Tools: Recategorize
Yes, generally. Your governing documents could be very specific on this issue. (Generally, assessments are levied against owners...
Popularity: 2 • Tools: Recategorize
The pros are many, and include: A standard of neatness around all properties An expectation of timeliness for installing and...
Popularity: 2 • Tools: Recategorize
A time share condominium is a scheme under which individual owners can purchase the use of a condominium by the week, usually in...
Popularity: 2 • Tools: Recategorize
Condominium assessments are established -- usually once per year -- by the treasurer and the finance committee. The process...
Popularity: 2 • Tools: Recategorize
Yes, and here's why. Your membership may only be allowed to vote for board members and to vote regarding the annual budget --...
Popularity: 2 • Tools: Recategorize
Once you purchase a condominium unit, whether you are its first owner or subsequent owner, the condominium declarations will...
Popularity: 2 • Tools: Recategorize
It's unfortunate that the board cannot conduct its business because the behaviour of a few members disrupts the meeting. Usually,...
Popularity: 2 • Tools: Recategorize
If by FOIA, you mean Freedom Of Information Act, then according to the USDOJ Web site: "The FOIA applies only to federal...
Popularity: 2 • Tools: Recategorize
If you purchased your property subject to the by-laws and rules & regulations of a Homeowner's Association you cannot remove...
Popularity: 2 • Tools: Recategorize
It depends on the makeup of the neighborhood. If the neighborhood is privately owned by a home owners association, the governing...
Popularity: 2 • Tools: Recategorize
Although your association may be a valid Florida non-profit corporation, grants are not generally a source of income. Association...
Popularity: 2 • Tools: Recategorize
In an association with a purpose to preserve, maintain and protect real estate assets owned in common, the first responsibility...
Popularity: 2 • Tools: Recategorize
Work with your governing documents, your property manager and your association's attorney to file a lien on a condominium unit....
Popularity: 2 • Tools: Recategorize
In a multi-family housing association board meeting, it's important that the financial officer report the financial status of the...
Popularity: 2 • Tools: Recategorize
If you are an owner, unless your governing documents specifically provide for owner eviction, probably not. However, if you rent...
Popularity: 2 • Tools: Recategorize
It depends on the type of lien and the state where the condominium is located. You are best advised to hire an association-savvy...
Popularity: 2 • Tools: Recategorize
Read your governing documents to determine the qualifications for board membership. Usually, this is condominium ownership. If...
Popularity: 2 • Tools: Recategorize
Not usually. Since all condominium owners potentially own the land and the exterior of the buildings (and more) in common, a...
Popularity: 1 • Tools: Recategorize
Without a context or more information, the only answer can be 50 years is 50 years. Answer There are two meanings of the word...
Popularity: 1 • Tools: Recategorize
