0
Key to owning real estate in a common interest community is the acknowledgement that 'we're all in this together'.
When owners default on their mortgages or do not pay their assessments, remaining owners must pay the increased costs caused by there being fewer solvent owners.
When you live in a community with a rogue board that does not believe in following the law or the governing documents, your property values suffer.
When you buy a condominium strictly as an investment so that you can enjoy the rental revenue, you're asking your neighbors to help you protect your investment: it's easy to become a 'slumlord'. This can be a disadvantage to everyone else, perhaps not you.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What are the advantages to multinational companies when investing in Mauritius?
what are the advantages and disadvantages to multinational companies by investing in A HOST COUNTRY?
What are the advantages of investing a condominium?
Investing in a condominium as a non-resident investor can mean that you enjoy a revenue stream from tenancy of the property that you own, with a landlord's responsibility only for the interior of the property. The external assets are maintained, preserved and protected by the association based on assessments that you pay. The advantage continues so long as you have a paying tenant, and so long as your property qualifies as a rental.
What is a highrise condominium?
A high rise condominium is a tall building with condominium units.
What is the difference between a condominium unit and a condominium phase?
A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells a set or collection of condominium units.
When was the declaration of condominium of oceanquest condominium recorded?
You can find the answer you want in your local hall of records where the Oceanquest Condominium is located.
When was Carbonell Condominium created?
Carbonell Condominium was created in 2005.
When was Atlantis Condominium created?
Atlantis Condominium was created in 1982.
When was HarborView Condominium created?
HarborView Condominium was created in 1993.
What is plural of condominium?
The plural form for the noun condominium is condominiums.
How do you file a condominium lien?
You should contact the law firm that represents the condominium and learn how condominium liens are handled in your state.
What is advantages and disadvantages of investing in mutual fund?
When you invest in mutual you are buying the units or portion of the mutual fund and thus on investing becomes the shareholder.There are top AMC'S which help you to know regarding this they are Reliance mutual fund, HDFC etc.
What is difference between an attached and detached Condominium?
Attached condominiums are attached to something: a garage or another condominium. A detached condominium is not attached to anything.
