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In your governing documents you can find a description of the boundaries between what you own individually -- usually your unit -- and what you own in common: common areas and limited common areas of the whole development.
If the foundation is a commonly owned real estate asset, the condominium association has a responsibility to repair the foundation.
Depending on the age of the condominium -- if it is new and within the window of construction default identification and repair -- you may be able to pursue the builder/ developer to complete the definition of repairs required and to complete the repairs.
Otherwise, you can look at your reserve study and find the useful life of the foundation, then determine if the association has been saving money in its reserve fund sufficient to pay for these repairs.
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If your condo association is responsible for the exterior of your unit and you suffer interior water damage due to a leak from a foundation problem who is responsible to fix the interior damage?
Let your condo insurance company duke it out with the master policy insurance co.
Foundation Repair?
form__title= Foundation Repair form_header= Secure your home with foundation repair. How old is your home?*= _ [50] Do you notice any damages?*= () Yes () No () Not Sure When was the foundation last repaired?*= _ [50]
If a leak from my condo damaged the condo below mine and neither of us have insurance who would be responsible for paying for the damages?
If it was determined that the condominium did not bear any blame, then you are the one who would be responsible.
What will fix my Condo that sits on the foundation that is seeping water inside the condo?
French drains and damp proofing the outside walls with flashing cement or WR Grace material
new roofs and sewer line repair foundation crecks?
new roofs, foundation crecks and sewer line repair
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.
Does condo association insurance cover broken water pipes outside?
Read your governing documents to determine who owns the water pipe. If the pipes are for the sole use of a single owner, then the pipe may be considered 'limited common area', and the owner may be responsible for repair. The association may make the repair, then charge the owner. If the pipes are for the use of everyone in the community, such as pipes for a sprinkler system, then the association's policy may cover the cost of repair. Usually, one party is responsible for the repair and one party is responsible for paying for the repair. The 'one party' may be the same party, or it may be different parties.
What do I need to know about foundation repair?
It depends on what you are trying to repair. There are concrete floor and foundation repair contractors that specialize in this. You can contact them to get the best ideas on how to repair your foundation. You must determine the methods for repairing and the type: slabjacking, concrete repair, mudjacking and concrete piering. You can read more about it at www.concretenetwork.com/concrete/foundation_repair
Who is liable if a pipe breaks in my neighbors condo and floods my condo?
Depending on the state (location) of the condominium, and depending on the governing documents, you can determine who owns the responsibility.There is a responsibility to repair and perhaps a separate responsibility to pay for the repair.Read your governing documents, your master insurance policy and your HO-6 (homeowner's policy) to determine who has these responsibilities.Your state condominium law may establish a default line of ownership between what you own as a unit owner and what is owned in common. Your governing documents may alter, adjust or otherwise change this default line.Your insurance coverage will help you determine who is responsible to repair and who is responsible to pay for the repair.
If I Fix foundation of rental house is this improvement or repair?
fixing it would be a repair. if replacing the hole foundation it might be considered an improvement.
Who is responsible for gutter installation in a condo?
Read your governing documents to determine this responsibility.
How much does foundation repair cost?
Foundation repair costs varies. Some repairs may be as much as $30,000. You will need to get an estimate from a professional.
