If a homeowner can afford to purchase a condominium, there is probably no good reason why the purchase can't be completed.
However, if the two properties are within the same development, there may be restrictions contained in the governing documents about the number of residential units that a single owner can own.
Your local insurance broker can answer your question.
The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.
No he can not do it.
Chublets!
When the general contractor makes a threat to a homeowner, about selling all the homeowners personal property, that the contractors have in storage. And the contractor has not finished the repairs on the homeowner's house. Can the contractor sell their property?
Your local insurance broker can answer your question.
Homeowner insurance claims are paid to the policy holder, in a condo and the damages are being reimbursed by the association the deed and title holder gets the refund
Condo insurance can be purchased at the same places that sell homeowners insurance and will cover the costs of your property inside your condo and will pay for damages incurred.
johnny drama
Not if they are adults.
If you own a condo, you can get basically the same type of insurance as a homeowner, depending on what type of condo you have. If you condo is more like apartments, you may be able to get insurance similar to renters insurance, while if you have a stand alone home, you can basically get just home owner insurance.
The answer depends on coverage you purchased in your HO-6 condominium homeowner's policy. Also, you'll want to take your deductible into account. You are best advised to contact your broker and discuss the situation. Your broker can advise you about how to proceed with repair and payment for the repair.
There is no universal answer to this question. Pool rules are set by the governing bodies of the individual Condominium or Homeowner Association that owns and controls the pool.
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.
Your homeowner's insurance will not cover any damage which occured prior to the time you purchased the policy.
Yes. You are legally obligated to pay homeowner association dues. As long as the homeowner's association was part of the public land records when you purchased your property you agreed to be bound by its terms and provisions. You need to review the recorded documents relating to your property.
Contact an attorney immediately, you have little recourse however you may place a claim for future possibilities.