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The association is responsible for the safety, security, upkeep, preservation and maintenance of all real estate assets owned in common by all owners. Your governing documents define by boundary definition what is owned individually and what is owned in common.
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∙ 10y ago
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Is a townhouse like a condo?
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 condo owner will pay a monthly fee to the HOA for this work.
Are there any condos for sale in Florida?
An overview of information regarding condo docs and HOA in Florida. Vacation Homes Florida for sale. A resale condo and fifteen days when buying a new condo in Florida.
Should a condo HOA paint and maintain exclusive use areas?
If the association owns the exclusive use areas, then the association is responsible for the maintenance and upkeep of those assets. Read your governing documents to determine the areas' ownership.
Can an Florida HOA keep condo hotel rental income if owner is behind in HOA dues?
Probably, yes. Read your governing documents to understand the responsibility for collecting the assessments that you owe -- and your responsibility to pay them -- and the steps that the HOA can take to settle your debt. Stepping into your revenue stream is one way of collecting your assessments. This strategy may cost you extra fees, however, since there will be administrative expenses associated with enforcing the guidelines you agreed to when you purchased your unit. It will be less expensive for you to simply pay your assessments on time and in full. Thanks- the condo dues have gone so far up that I cannot afford them (250%). I put 70k down on the condo and I can't even sell it for what I still owe ( welcome to Florida). I used to own a business and it has not made it through the recession…. Thanks for you input- I will spend a few bucks to get my attorney to look at it. It is about 4,000. They are keeping for two quarters….
Does HOA have responsibility to maintain lawns of vacated homes in Florida?
Read your governing documents to determine who owns the lawns of the vacated homes. Whoever owns the lawns is responsible to maintain them. For example, if the home with an owned lawn has been vacated based on a foreclosure action, and the lawn is involved in that action, the bank is responsible. It's up to the board to pursue the bank to fulfill its duties. If the association owns the lawns, then you are correct: the HOA must maintain them.
Who maintains a private road?
The owner(s) or user(s) that benefits from it's use. Like a HOA agreement in a condo.
Who prepares an estoppel letter?
Typically, the management company or treasurer of an HOA or Condo association prepares the Estoppel Letter, Form, or Certificate.
In California a large root from a HOA owned-maintained tree has breached your backyard and has caused major damage to your concrete patio Whose responsibility is the cost of repair?
The HOA is responsible for the damage
If your condo goes into foreclosure do you still owe the condo fees?
Yes, until the bank is the owner. The fact you're in foreclosure doesn't change the fact utilities need to be paid as well as your staff. It's not only the bank that can put you into foreclosure; even your HOA/condo association can force the sale of your home due to delinquency.
Who is responsible for damage caused by a sewage pipe back up in a condo The Condo Master Policy or Individual Homeowners Policy?
The intrusion of sewage (or fresh water) from a community maintained utility line in a community maintained space is the responsibility of the HOA. While you might be able to file a homeowners claim and be compensated for remediation (except in a state like CA where sewage back flow may be excluded in your agreement with the insurance company), you may be discouraged from filing as the insurance company would then be motivated to sue the HOA and then raise your rates and drop you. In this uncomfortable situation, the HOA needs to satisfy their liability-- which is to make you whole. Retain a lawyer and as part of the settlement, insist that a back water device be installed between your unit and the common line, AND that the HOA obtains (and demonstrates to you) their liability insurance for future events. Think of liability of a condo in this way: you are responsible for your car on the street until someone else hits it. If you can not identify the other party then your no-fault insurance will cover the damage. If the other party is identified then your insurance may reimburse you but subsequently sue to recover the damages from the other driver. In either case, you have exposed your insurance company to increased costs.
HOA owns the attic or owner?
The ownership of the attic is typically outlined in the HOA's governing documents, such as the bylaws or covenants. In some cases, the HOA may own and maintain the attics of all units or common areas. In other cases, the attic may be considered part of the individual owner's unit and thus owned by the owner. It is important to review the HOA documents to determine the specific ownership arrangements.
What is the difference between condo insurance and town home insurance?
Nothing. They're the same exact thing. As long as the HOA has dwelling coverage on all the buildings this is all you need.
