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Can condo have 2 classes - owners may have pets and renters forbidden to have pets?
Wiki User
∙ 10y ago
The governing documents for an association may have this requirement -- difference in pet ownership.
Generally, real estate lenders, insurance companies and others establish their guidelines based on owner/occupancy rates in condominium communities. These guidelines are based on the fact that tenants may have less invested in the real estate than do owners. What this may mean is that a tenant can be less respectful of the property than an owner.
Of course, specifically, none of this is truly and individually accurate.
Through your owner/landlord, you may be able to petition for a waiver based on your pet's and your reputation as a respectful tenant.
Wiki User
∙ 10y ago
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What insurance is available for owners of condos?
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.
How many condo owners?
In most communities, the majority of residents in condos are owners. There are some rental units, but for the most part the people that own the condo also live in it.
Where to get info on affordable renters insurance?
Renters insurance is a necessity for anyone renting or subletting a home or apartment. Whether you live in a single family home, duplex, town home, condo, loft, studio or apartment, you need to have renters insurance to protect your belongings and your liability.
What company provides good ho6 condo insurance?
Condo insurance is basically renters insurance. You can go to a few different companies to do this, the best and most prominent one is probably State Farm Insurance.
What will be put into the Chicago Spire?
Condos and amenities for the use of the condo owners.
What are some rental companies for a Playa de Las Americas holiday condo?
Some rental companies for a Playa de Las Americas holiday condo are TripAdvisor, Homelidays, VRBO, Villa Renters, Floritas, Holiday Lettings and Espana Breaks.
How do standard home-owners policies differ from condo insurance policies?
There is some liability with condo insurance since a fire in your home could also do damge to a neighbor. Regular home owners wont cover that since buildings are sperated.
Can a postmaster refuse to deliver mail quoting USPS Regulations to individual permanent residents at a condo unit facility that has short term renters in Kissimmee Florida?
gk
What does renter's insurance cover for an apartment?
Renters insurance can be purchased for an apartment or rented home or condo. Most standard policies come with contents coverage, liability coverage, and reimbursement for external living expenses in the event that your residence is significantly damaged. Here is an informative article I found on how to find affordable renters insurance: http://www.insuranceagents.com/free-renters-quotes.html
How to Determine What Type Of Condo Insurance to Buy?
Condo insurance is not the same as insurance on conventional homes or renters. Condo owners need to ensure that their policies cover all their possessions that are not covered by the Condo Association’s insurance policy. By reading the fine print in the purchase agreement and the insurance policy, a condo owner can determine exactly what type of insurance policy will cover what is not covered by the collective insurance already provided. The condo association will normally collect dues from owners to cover common areas of the complex and sometime installations. The association’s bylaws will state exactly what is covered under the association’s policy. The association’s policy may have a deductible, which is usually divided equally among the unit owners. Collectively, owners may have a “bare walls” policy which covers all real property from the exterior framing inward, but does not cover fixtures or installations within a condo unit. Another type of policy referred to as an “all in” policy covers fixtures and installations, along with the structure and any common areas. The owner needs to know if the policy is cash value, which covers the cost of replacing the items minus depreciation, or if it covers the full replacement cost. If the association has a bare wall policy, the owner must buy insurance to cover features such as countertops, bathroom and kitchen fixtures, flooring and personal items. With an all in policy, the owner may only need to cover personal items. Most insurance companies offer a special unit owners policy, but to save money and ensure that all items are covered, the condo owner needs to determine what he owns and what is covered by the association’s policy. Condo owners are typically responsible for insuring just their property, but the rules differ from complex to complex, and it's important to ask the right questions to ensure you have proper insurance coverage. Usually, condo owners are not responsible for cutting the grass or shoveling ice from the front walk, but they must insure that the proper condo insurance is in place to protect them from any lawsuits related to these things.
What does ho-4 mean on homeowners insurance?
Ho4 means it's a renters policy ho3 is a homeowners policy ho6 is a condo policy dp3 is a rental property (landlord coverage)
Have Florida legislators passed a law to force condo owners to pay their condo fees?
no but trying to If a condo owner falls more than 90 days in arrears of association, the right to use common areas can be suspended by the association until such dues are paid.
