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It depends.
Read your governing documents to determine the boundary line between what you own individually and what you own in common with all other owners.
As well, your governing documents (CC&Rs) will describe the upkeep standard you agreed to for your individual unit when you signed that agreement.
Finally, your assessments pay for upkeep of commonly owned areas, including limited common areas that are for your exclusive use -- in most cases. Your board or association may have established specific guidelines for your upkeep of your deck, for example, as a way to hold down monthly assessments.
Your board can answer your question directly.
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What part of condo is HOA responsibility to maintain?
The association is responsible for the safety, security, upkeep, preservation and maintenance of all real estate assets owned in common by all owners. Your governing documents define by boundary definition what is owned individually and what is owned in common.
Does home owners insurance cover upkeep?
No. the upkeep and maintenance of a home is the responsibility of the home owner. Failure of the home owner to properly maintain (upkeep)the home will usually result in cancellation or non-renewal of the home insurance policy.
Who takes care of the condo building and grounds?
Generally, condominium 'buildings and grounds' are defined as common area, owned by all owners in common. Upkeep, maintenance, safety and preservation are the responsibility of the board. Owners' assessments pay for these tasks. You can read your governing documents to determine specifically who owns the 'building and grounds', and who is responsible for 'taking care of them'.
What if the condo owner does not keep condo in good condition?
If the condo owner does not keep the condo in good condition, it could negatively impact the value of the property and potentially violate any rules or regulations set by the condominium association. The condo owner may face fines or penalties and may be required to make repairs or improvements to the unit. Additionally, neighboring condo owners may have the right to take legal action if the lack of maintenance or upkeep affects their own property.
What happen if you stop paying on a time shear Condo?
There is no standard. There are best practices, which may preclude your use if you are not paying, but associations' boards have the responsibility to collect from owners and to monitor use.
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.
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 will be put into the Chicago Spire?
Condos and amenities for the use of the condo owners.
Does Florida law state that condo owners are not responsible for water damage to other units?
State law is not involved in this kind of situation: the association's governing documents, master insurance policy coverage, together with the owners' HO-6 policies determine responsibility for water damage.
Who is responsible for gutter installation in a condo?
Read your governing documents to determine this responsibility.
If you live in a second floor condo and there is a water leak that causes damage who is responsible?
If you live in a second floor condo and you rent the condo, the leak that causes damage is the responsibility of the owner of the building. If you own the condo, the leak is the responsibility of the owner of the condo with the leak.
How do you figure out how much building property coverage you need on a condo insurance policy?
Somewhere in your Association agreement or unit owners agreement there should be a section that states how much of your condo you are responsible for covering. They usually have language like "studs in" or "walls in" meaning everything from the studs or walls and in is your responsibility. Floor covering, cabinets and fixtures are things you would normally have to cover yourself. Most condo policies include a small amount of building coverage and then you can add to that for an additional premium. Somewhere in your Association agreement or unit owners agreement there should be a section that states how much of your condo you are responsible for covering. They usually have language like "studs in" or "walls in" meaning everything from the studs or walls and in is your responsibility. Floor covering, cabinets and fixtures are things you would normally have to cover yourself. Most condo policies include a small amount of building coverage and then you can add to that for an additional premium. Somewhere in your Association agreement or unit owners agreement there should be a section that states how much of your condo you are responsible for covering. They usually have language like "studs in" or "walls in" meaning everything from the studs or walls and in is your responsibility. Floor covering, cabinets and fixtures are things you would normally have to cover yourself. Most condo policies include a small amount of building coverage and then you can add to that for an additional premium. Somewhere in your Association agreement or unit owners agreement there should be a section that states how much of your condo you are responsible for covering. They usually have language like "studs in" or "walls in" meaning everything from the studs or walls and in is your responsibility. Floor covering, cabinets and fixtures are things you would normally have to cover yourself. Most condo policies include a small amount of building coverage and then you can add to that for an additional premium. Somewhere in your Association agreement or unit owners agreement there should be a section that states how much of your condo you are responsible for covering. They usually have language like "studs in" or "walls in" meaning everything from the studs or walls and in is your responsibility. Floor covering, cabinets and fixtures are things you would normally have to cover yourself. Most condo policies include a small amount of building coverage and then you can add to that for an additional premium. Somewhere in your Association agreement or unit owners agreement there should be a section that states how much of your condo you are responsible for covering. They usually have language like "studs in" or "walls in" meaning everything from the studs or walls and in is your responsibility. Floor covering, cabinets and fixtures are things you would normally have to cover yourself. Most condo policies include a small amount of building coverage and then you can add to that for an additional premium.
