answersLogoWhite

0

Condominiums

Condominiums are buildings made up of individually owned apartments or houses. They generally contain shared spaces like a lobby or roof, which are controlled by an association of owners.

500 Questions

What part of speech is condominium?

User Avatar

Asked by Wiki User

"Condominium" is a noun. A noun is a person, place, or thing.

Can a condominium association evict a tenant of an owner in Florida?

User Avatar

Asked by Wiki User

No, a condominium association in Florida does not have the authority to evict a tenant. This is typically the responsibility of the unit owner. The association can take action against the owner for violations of association rules that may be impacting other residents.

What is the state of Florida condominium act?

User Avatar

Asked by Wiki User

The Florida Condominium Act governs the operation of condominiums in the state of Florida. It outlines the rights and responsibilities of condo owners, associations, and developers. The Act covers areas such as maintenance, management, financial obligations, and dispute resolution within condominium communities.

Can a condominium be classified as a single family dwelling?

User Avatar

Asked by Wiki User

No, a condominium is not classified as a single family dwelling. A single family dwelling is a standalone house on its own lot, while a condominium is a unit within a larger building or complex where owners also share common areas.

Is dwelling protection the same as building property protection for a condominium policy?

User Avatar

Asked by Wiki User

Dwelling protection typically refers to coverage for the structure of the residence itself in a homeowners policy, while building property protection for a condominium policy usually covers the entire building structure, including common areas. In a condominium policy, individual unit owners may need additional coverage for their personal belongings and any improvements made to their unit.

Is a lis pendens on a condominium only good for a year?

User Avatar

Asked by Wiki User

The duration of a lis pendens, which is a notice of pending lawsuit related to a property, can vary depending on the jurisdiction. In some places, it may expire after a specific period if the lawsuit is not resolved. It's important to consult with a real estate attorney or conduct research to understand the rules and timelines specific to your location.

What is minimal reserves in the Illinois condominium law?

User Avatar

Asked by Wiki User

In Illinois condominium law, minimal reserves refer to the minimum amount of funds that a condominium association must set aside and maintain in reserve for major repairs or replacements of the common elements of the property. These reserves are established to ensure that the association has adequate funds to cover future capital expenditures and prevent the need for special assessments on unit owners. The amount of minimal reserves required can vary depending on the size and age of the condominium property.

Is condominium unit considered real property?

User Avatar

Asked by Wiki User

Yes, a condominium unit is considered real property because it consists of a physical structure and land, which are the defining characteristics of real property. Each individual owns an interest in the unit and common areas, which collectively form the condominium property.

What are the steps to change bylaws in a condominium association in new jersey?

User Avatar

Asked by Griff310

To change bylaws in a condominium association in New Jersey, you typically need to review the current bylaws, propose amendments through a formal process outlined in the bylaws, hold a meeting to discuss and vote on the proposed changes, and then formally document and implement the approved amendments. It is advisable to consult with legal counsel familiar with New Jersey condominium law to ensure compliance with all legal requirements.

What are the steps in changing bylaws of a condominium association?

User Avatar

Asked by Wiki User

  1. Review the current bylaws to identify areas needing change.
  2. Hold a meeting to discuss proposed amendments and gather input from members.
  3. Prepare a written amendment proposal outlining the changes.
  4. Vote on the proposed amendments according to the procedures outlined in the current bylaws.

What are the duties of a juristic person for a condominium?

User Avatar

Asked by Wiki User

A juristic person for a condominium typically has responsibilities such as managing common areas, collecting fees, maintaining the property, enforcing rules and regulations, and representing the condominium in legal matters. They also oversee financial matters and communicate with unit owners on important issues.

Can a condominium have a bylaw no renters?

User Avatar

Asked by Wiki User

Yes, a condominium can have a bylaw that restricts or prohibits renting out units. However, such bylaws must comply with local laws and regulations, and existing rental agreements must be honored until they expire. It is essential to review and understand the bylaws of a condominium before purchasing a unit.

What is the maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late?

User Avatar

Asked by Wiki User

The maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late is typically around 18% per annum. However, it is advised to consult the Ohio Revised Code or seek legal advice to confirm the current maximum rate.

Do zoning regulations take precedence over minimum rental periods spelled out in Declaration of Condominium?

User Avatar

Asked by WMatthews

It depends on the specific laws and regulations in place within the jurisdiction. In some cases, zoning regulations may take precedence over minimum rental periods specified in a Declaration of Condominium. It is advisable to consult with a legal professional familiar with local laws to determine the hierarchy of regulations in your area.

Indian cooking odor in condominium is there a law?

User Avatar

Asked by Wiki User

There may be rules or regulations in the condominium's governing documents that address strong odors like Indian cooking. It is recommended to review the condominium bylaws or check with the property management to see if there are any specific guidelines regarding cooking odors. If the odor is causing a disturbance to other residents, it may be advisable to try to minimize the impact or come to a compromise with the neighbors.

How do you find the title for a condominium unit in Alberta Land Titles?

User Avatar

Asked by Wiki User

To find the title for a condominium unit in Alberta Land Titles, you can visit the Alberta Land Titles office website and perform a search using the legal description or the parcel identifier of the property. You can also visit the Land Titles office in person and request the title search for the specific condominium unit.

What is the meaning of 50 years in condominium?

User Avatar

Asked by Wiki User

In a condominium setting, "50 years" usually refers to the remaining leasehold tenure of the property before it reverts back to the freehold owner or the relevant authority. After this period, owners may need to renegotiate terms or face potential changes to ownership rights and property value. It's important for potential buyers to consider this timeframe when making investment decisions.

Can a Board of Directors block a sale of a condominium unit?

User Avatar

Asked by Wiki User

Whether a Board of Directors can block the sale of a condominium unit depends on several factors, including the governing documents of the condominium association and the specific laws of the state or jurisdiction where the condominium is located.

In general, boards of directors do not have the absolute power to block a unit sale. However, they may have the right to deny or delay a sale under certain circumstances, such as:

Right of First Refusal: Some condominium associations have a right of first refusal clause in their governing documents. This means that the association has the right to purchase the unit before it can be sold to a third party. This clause is typically used to ensure that the association maintains control over who lives in the community.

Unpaid Assessments or Fees: If the unit owner has outstanding assessments or fees, the board may have the right to withhold approval of the sale until the debt is paid.

Violations of the Condominium's Rules and Regulations: If the unit owner has violated the association's rules and regulations, the board may have the right to deny or delay the sale until the violation is corrected.

Condemnation or Imminent Risk: If the unit is condemned or poses an imminent risk to the safety of other residents, the board may have the right to prevent the sale until the problem is addressed.

It is important to note that these are just a few examples, and the specific rules and regulations that apply to your situation will vary depending on the circumstances. If you are considering selling your condominium unit, it is important to carefully review the association's governing documents and consult with an attorney to understand your rights and the board's authority.

Who do you get a Condominium Declaration from?

User Avatar

Asked by Wiki User

You typically get a Condominium Declaration from the developer or the property management company of the condominium complex. It is a legal document that outlines the rights and responsibilities of the condominium owners and the rules and regulations of the complex.

What is the average lifespan of a condominium?

User Avatar

Asked by Wiki User

The average lifespan of a condominium can vary depending on various factors such as maintenance, quality of construction, and changes in the surrounding area. Generally, a well-maintained condominium can last for several decades, with some even lasting more than 50 years or longer with proper upkeep and renovations. However, it is important to note that certain components or systems within the condominium may require replacements or repairs over time.

What is the minimum number of units allowed in the Washington state condominium act?

User Avatar

Asked by Wiki User

The Washington state condominium act does not specify a minimum number of units. Therefore, the number of units in a condominium project can vary according to the developer's plan and local zoning regulations.

What is considered common area in a condominium?

User Avatar

Asked by Wiki User

A stairwell that leads to a single upstairs unit; a deck outside a condominium accessible only by one unit; the roof area accessible only by the penthouse; assigned parking slots assigned to a single unit.

There are other examples of limited common areas unique to unique condominium communities, depending on their location in the world.

Examples of common property are the pool, the clubhouse, or the golf course.

Are condominium complexes private property?

User Avatar

Asked by Wiki User

Your question and the categories you chose make it look like something in your possession was repossessed on property that is part of a condominium complex.

With those facts as assumptions, your answer is:

  • Some of the complex is private property, some is common area and some is public.
  • With proper documentation, any asset can be repossessed. (It's a lender's right to reclaim assets in order to retire an unpaid debt.)

Here are the details you need to answer your particular question:

  • Please read your governing documents to determine where your 'private property', i.e., your unit boundary line runs. As well, you can find the definition of what parts of the complex are owned by all owners in common.
  • Your local tax assessor can help you understand what part of your complex is public.
  • Laws in different states govern access for repossession, so you need to understand those for your state.
AnswerA condominium property is private property in contrast to public property which is owned by the government or the community such as a park, highway, school or public library. Generally, the towns do not maintain the streets within a condominium project thus they are also private.

What is the difference between a condominium and a planned unit development?

User Avatar

Asked by Wiki User

A condominium is a living or working space (unit).

A planned unit development may include a mix of commercial and residential spaces, and free-standing commercial areas, such as petrol stations and a shopping mall.

Does the gate have to stay locked at a condominium swimming pool in WI?

User Avatar

Asked by Wiki User

States are not generally involved in the operations of amenities owned by common interest community associations, but apparently in Wisconsin, it is.
If you have strong feelings about the gate and whether or not it is locked, make your wishes known to the board and bring up the topic for discussion in an open board meeting.