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What percent of condo units may one own in one bldg in Florida?
Wiki User
∙ 10y ago
This may not be a Florida law, but it is a lender's guideline. Banks are not interested generally in offering mortgages for condominiums in associations where one owner owns more than 10% of the association's assets -- or 50% of its assets IF at least 50% of the units are owner occupied.
You can read more, below.
Wiki User
∙ 10y ago
In Florida, there is no specific limit on the percentage of condo units that one person can own in a single building. However, some condominium associations may have their own rules and restrictions regarding the maximum number of units that one owner can possess. It is important to review the bylaws and regulations of the specific condominium association for accurate information.
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Is it okay to have gambling at a condo bldg multiple days per week?
In most places gambling is illegal unless you have a license. So, if there is not a license, it is not okay.
What does the abbreviation bldg stands for?
The abbreviation, bldg,. stands for building.
What are the restrictions on the percentage of non owner residents allowed in a multifamily condo bldg in order to obtain FNMA backed mortgages?
Some have described this target as one that moves. However, currently, the number is 50%: if more than 50% of the residents are not resident-owners, an FHA/ FNMA backed mortgage may not be available to you. Best practices dictate that boards pass rental caps and keep the percentage of owner-occupied units as high as possible. Ninety percent is a good number that bankers like and insurance companies like as well.
What is the address of The BLDG in Kentucky?
The restaurant The BLDG is located in the United States in Covington, Kentucky. The exact address for the restaurant The BLDG is 30 W. Pike St., Covington, Kentucky.
Is there a foucault pendulum in capital bldg in Lincoln Nebraska?
No, there is no foucault pendulum in the capital bldg in Lincoln Nebraska.
What is the abbrreviation for building?
bldg.
What is the abbreviation of build?
bldg
How do you abbreviate building?
bldg
What is the abbreviation of 'building?
bldg
What does bldg stand for?
building
What does bldg?
Usally its short for building
What does the abbreviation for bldg?
building dummy
