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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Who pays for replacing an outdated electric fuse box on a condo?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?
Read your governing documents to determine who owns the driveway. The owner of the driveway, which may not be the owner of the condominium unit, is responsible for 'fixing the driveway'. Best practices dictate that at least you file a maintenance request for the repairs you believe are required.
What if the condo owner does not keep condo in good condition?
Usually the governing documents for a condominium association detail the level to which a unit owner must maintain the interior of a unit. The board may enforce the covenants of the community by sending a notice to a condominium owner whose upkeep of his or her unit is in violation with the governing documents.
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.
How do you calculate rent amount for condo in Canada?
Usually an owner wants to cover the mortgage payment and the monthly assessment payment. The market rate will be a good indicator for the base rental amount. If the unit is furnished, comes with access to association amenities or is otherwise 'above average', the owner can charge a premium.
