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Learn how many of the units in a condominum are lived in by their owners, and then divide that number by the total number of units there.
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Who is responsible for costs when a toilet backs up and leaks to unit downstairs in condo?
Your personal condo insurance should cover it under the liability section. It will not be a penalty to you.
Can a unit owner of a condo have a notice of trespass be issued against him in a common area?
Everything depends on the variables involved in the situation. For example:Is the area a common area, or a limited common area reserved for the use of owners, but not all owners?Has the owner been restricted from access to community amenities for cause, such as non-payment of assessments?Who issued the notice of trespass, the association or the local police?Read your governing documents to confirm your right as an owner to be present in the common area. As well, understand the position of the trespass notice issuer.
How big is 45 sq feet condo?
About 9 x 5
Is an condo attic which owners maintain considered common area?
Read your governing documents to determine the line where your private ownership ends and common ownership ends.If it is common area:Owners (plural) maintain the attic area, this is proper, since it's possible that the attic is common area.Owners (plural) own the attic, it is subject to preventative maintenance, regular inspection and so forth.Owner (singular) maintains the attic area, that individual owner may be encroaching on real estate assets that belong to all the members.If it is private area: Owner (singular) actually owns the attic and it is not common area, the governing documents may require that this owner maintain the attic to some standard.If it is common area, by definition, and is used (maintained) by a single owner, the largest issues have to do with fire hazards, liability, and privilege.
Are unbuilt lots considered common areas of a condo association?
No, only defined "common areas" owned by the condo association are considered common areas, and unbuilt lots usually belong to an individual (e.g., the developer or an investor). If the association owns them, they are most likely reserved for sale to a future tenant/builder, although the proceeds of the sale will go to the association.
owner?
Condo Roccia
What is maximum occupancy for two bed condo in AZ?
Your answer is covered in your governing documents or your rental agreement.
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.
Is renting a condo an at risk activity?
"At risk" has to do with whether you as an owner, or part owner, of a business have any liability for money put up by a third party; it has nothing to do with the nature of that business (such as renting condo's).
Is the owner of condo responsible for fixing driveway?
It depends on the specific terms outlined in the condo association's bylaws or the individual condo's governing documents. In some cases, the responsibility for maintaining and repairing driveways may fall on the condo association, while in others it may be the responsibility of the individual condo owner. It is best to review the governing documents or consult with the condo association to determine who is responsible for the driveway repairs.
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.
Live in condo.. A unit owner repeatedly found urinating in garbage bin on condo grounds. What can the association do to this individual?
This sounds like a situation for the police.
Who maintains a private road?
The owner(s) or user(s) that benefits from it's use. Like a HOA agreement in a condo.
How do you find an owner financed condo in Missouri?
A local realtor may be able to help you.
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.
