Does condo ownership only include inside the unit from wall to wall and ceiling to floor?
You can find the answer to your question in your governing
documents where the ownership parameters are defined.
Look for definitions of ownership, including:
- Limited Common Areas
- Common Areas
It depends on who owns the attic roof (ceiling?), and who has mold insurance. Read your governing documents to determine ownership, and then work with your board to determine who pays for mold removal.
You can find the answer you want in your governing documents, and in your state's condominium law. The state can define the border between a unit owner's property and property owned by all owners, in common. The governing documents may amend, alter or change these default definitions. In addition to owning at least the space where you live -- however your ownership boundaries are described -- you own, with all the other owners, the common… Read More
Your ownership records are available at the local hall of records for land ownership, probably the county clerk's office.
A little, but they are different. A townhouse is usually a row house, one of several attached buildings. They may have completely separate ownership. A condominium ("condo") is often more like an apartment but essentially it is a residence that is part of a group that has shared management and maintenance. The condo owner is responsible for inside the walls the a Home Owners Association (HOA) is responsible for the outside and the grounds. The… Read More
If the fuse box is inside the condo then the condo owner pays
A condo association is a term that is used to describe a group of common ownership communities. They have the right to collect fees, regulate rules and put liens on homes.
Probably not. Just as you can't claim ownership of property to which you have no title.
There is no standard for a condominium: condominium is a form of real estate ownership. It can apply to mooring slips in a marina, warehouse complexes, suburban developments that include free-standing homes, high-rise residences and so forth.
Condominium is a style of real estate ownership, and has no standard for the number of bedrooms in a unit.
There are several ways to rent or buy a condo in Lake Chapala. If you want to visit for a month you can find an apartment to rent anywhere from $600 - $1000 USD a month. There is currently a development that offers Condos as a "Fractional Ownership" starting at $30,000 USD. What this means is you can buy a 2,3,4 month... fraction of a condo and own it for that period of time, titles… Read More
Generally, a condominium is a distinct form of ownership in the U. S. whereby an individual owns a unit and shares joint ownership with the other unit owners of the common areas which includes the land. All condo unit owners share title to common areas. Common areas include land, the exterior of buildings, hallways, roofs, swimming pools, etc. They share ownership with the developer until all the units are sold.
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.
Your local hall of real estate ownership records will have the information you need: this data is of public record.
There is no standard. Read your governing documents to determine the ownership status of a back porch.
Typically, the "grounds" or the areas surrounding the buildings on a condominium parcel are a part of the common elements. The Unit owner's association may promulgate rules as to the use of those grounds. However, such areas as patios that are adjacent to units are limited to the exclusive use of the unit. You would need to review the Master Deed and other documents for any particular condominium for more specific information.
Scottsdale continues to be a prime area for condo ownership for not only the urban professional but also with second home buyers and golf condo buyers from all over the country and Canada. This website has been designed specifically to help you easily browse for Scottsdale Condo, Loft and Townhome markets.
Condo rental companies in Miami include Feel Miami and FlipKey. You can also find Condo rentals in Miami online from websites such as Expedia and Trip Advisor.
Read your governing documents to determine ownership. There is a line between what a unit owner owns and what all unit owners own in common with all other owners. Ownership may determine who pays, and it may not, depending on the motivation to perform demolition of roof and walls. As well, and again this is an ownership issue: which roof(s) and which wall(s) -- interior or exterior, building envelope or not?
With a house, you typically buy the entire structure and the property it sits on. With a condo, you are simply buying the walls, ceiling and floor around you.
If you have pre-existing water leakage from your toilet in your condo and it has ruined the ceiling of the person belowIf you get condo insurance now will it be covered since its already a pre-existin?
Homeowners Insurance Policies always exclude preexisting un-repaired damage.
Beaches with condo rentals include Panama City beach, Myrtle beach, Orange Beach and Long beach. You can rent a condo at any of the beaches mentioned.
No. The purpose of a joint tenancy title is to designate ownership easily should one tenant die.
This may be a local building code matter, that may have changed since the building was built. Your question may have to do with noise or other issue, which you can discuss with your board to learn more about your options.
French drains and damp proofing the outside walls with flashing cement or WR Grace material
If a leaking shower in an upstairs condo apartment causes damage and leakage in the ceiling in the apartment below who is responsible for repairs?
You should check on the laws in your area. In some regions, neither is responsible and your respective insurance companies pay for your own repairs. In others, the condo owner's insurance company above is repsonsible for paying. There may be a way to claim from the condo owner themselves.
The probate process in the state of Florida will settle ownership. Resolution probably depends on any Will, or the lack of a Will, left by the decedent unit owner.
There is no standard as to how terraces are owned in condominiums. Read your governing documents to learn about terrace ownership, maintenance, access and so forth.
You click on the Cub Condo button on the top right hand corner of your screen when you log into buildabearville, and click on 'Go to my Cub Condo' and then go up to your front door- it has a picture of a paw print by it and when you step on this you get transported into your Cub Condo. But you can only acess your Cub Condo if you have brought a bear to… Read More
What if your condo asssociation requires a minimum age 55 for ownership can a quit claim form to children under 55 be enforceable?
You can find the answer to ownership age restrictions and limitations in your governing documents, if they exist. As well, your state's condominium law may provide the answer you want.
Your balance sheet will list any real estate ownership as an asset, and it's value will be balanced against the liabilities held against the title.
One queries the local hall of land-use records with an address to ascertain the real estate ownership type for that address.
A condo is usually larger than a apartment. Apartment buildings have more people in the building, which would include more noise. Condos are more expensive because it usually consists of just one other person living in the other Condo.
Your state law regarding homestead property ownership and those rights, obligations, responsibilities and how they relate to ownership within an association are both involved in the answer to this question. There is no national standard. A local, association-savvy attorney can help you answer the specifics of your question.
A condominium is a style of real estate ownership, where a buyer purchases a unit plus an interest in all the real estate assets in the community, based on a formula for allocated interest.
Your answer depends on who owns the 'leaky' main stacks. You can find the ownership answer in your governing documents, your declaration under boundary definitions.
A house is a building. Condominium is a form of real estate ownership. So yes, a house can be a condominium, and not all condominiums are houses, nor are all houses condominiums.
IF my upstairs condo is untouched by a flood but the building's ground floor is damaged so badly that the entire building is unlivable would my flood insurance protect me?
Let's first review what a condo is. A condominium is an arrangement in which you own your own living space outright (your condo apartment), and you share joint ownership (with all the other condo owners) of the common spaces. There will be (at least) two insurance policies in effect: (1) the condo association policy, which covers (at least) the common areas, and (2) your own personal policy, which covers the contents of your condo apartment… Read More
How do you determine the price of a condo and what part does the area play in the pricing of a condo?
Condominium ownership implies that according to the land-use documents on file in your county hall of records, all owners own areas in common, and individual unit owners own space inside a line drawn somewhere in or on the walls of each unit. If you're pricing your condominium, the price you ask includes the space defined for your unit and all the common area owned -- in common -- with all other owners. As an individual… Read More
No, FHA considers a condominium a condominium, and a single family home a single family home. The styles of legal ownership and title are different.
Your condo asssociation requires a minimum age 55 for ownership can a quit claim form to children under 55 be enforceable?
You need the advice of counsel in order to validate the child's ownership status. If the governing documents specifically exclude ownership by persons under the age of 55, the ownership by a person younger may be subject to challenge. Apparently, you're seeking clear title to the property in the name of your child; an attorney can help you achieve this goal.
If the master policy is written to include flood coverage, then, yes.
A condominium is always a form of real estate ownership, regardless of the style of the home. A townhouse is a style of home and can be owned outright, rented or owned as a condominium. In some places, the term 'townhouse' and 'condominium' are used interchangeably, but the two do not not always mean the same thing.
There are several ways one can find a Florida condo. Online options include Home Away, Trulia, and Craigslist. A person can also contact a local real estate agent.
A homeowners policy for the owner of a condominium would be form HO-6. This is the policy that you would ask for. It covers the items owned by the condo-owner which is usually from the sheetrock inward. This would include the paint or wallpaper, flooring, and everything else inside the home plus a share of the common items shared by members of the condo association. These items are usually the roof, the landscaping, roads, parking… Read More
If you let your homeowners policy lapse when you switched auto ins carriers and forgot to get new homeowners ins with it but now see water damage to condo ceiling can you still get coverage and how?
Your insurance broker can answer your question.
Her house is the fancy condo complex. You have to get a bit far into the game to go inside.
A duplex -- by definition -- is two. A condominium is a form of real estate ownership that may apply to residences, commercial spaces, marina boat moorings and so forth.
Condominium is a form of real estate ownership. Loft is a style of the interior. Some lofts are condominiums; not all condominium units are lofts. Some lofts are not condominiums.
A bungalow is usually a low-rise, single story building with landscaping around the building. Condominium is a form of real estate ownership which does not dictate the style of the building.
Some condo association management companies in Chicago include Root Reality, Inc and SGJ Property Management. You can learn more about these companies online at their respective websites.