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Read your governing documents to determine what you own and can therefore control personally, and what real estate assets you own in common with all other unit owners. The boundaries can be defined as 'the paint', 'the studs', and so forth.
As a member of the condominium community, you have a percentage say in control of 100% of the property based on your allocate interest, which is also defined for your unit in your governing documents.
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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.
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.
Does the furniture go with the condo you foreclosed on?
In a foreclosure ONLY the real estate is affected. Unless the condo was originally purchased fully furnished - the furnishings are the personal property of the owner who was foreclosed on and are not subject to seizure by the lender.
Can a person get Section 8 for a condo instead of a traditional house?
Only if the condo is listed as Section 8 approved. HUD has to either own the property or have an agreement with the owner to do the subsidizing on the rent for you. Yes, a person can get a Section 8 condo to reside in. When researching condos for rent, ask the owner if Section 8 vouchers are excepted for payment.
Who pays taxes on a condo in Staten Island ny?
Usually an owner pays property taxes on real estate property s/he owns. Depending on the tax, there may be another answer.
How do you file for an abandoned title in Wyoming?
If the property owner or person in lawful control of the property wishes to obtain ownership rights to the abandoned vehicle (Which has been on their property for more than 30 days), the legal owner of the vehicle must be identified. To identify the vehicle owner, the property owner or person in lawful control of the property must request a title and lien search from the Wyoming Department of Transportation.
Who pays for replacing an outdated electric fuse box on a condo?
If the fuse box is inside the condo then the condo owner pays
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.
If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?
Your attorney can help you answer this question, since it requires a legal answer.
Can a life estate be challenged?
A life estate is granted by the owner of the property. You have no right to challenge their right to control their own property.
Can a property given in gift deed reclaimed by the grantor?
Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.
