How much should it cost to replace a 2.5 ton ac system for 1100 sq ft condo split system?
The cost to replace a 2.5-ton split system AC for an 1100 sq ft condo typically ranges between $3,500 to $7,500, depending on factors like the brand, efficiency rating, and installation complexity. Additional costs may arise from ductwork modifications or other system upgrades. It's advisable to obtain multiple quotes from local HVAC contractors for the most accurate estimate.
Is it worth buying an apartment in Dubai now?
If you are in it for a long term or looking for a stable rental income, then buying an apartment in Dubai can be worth it. But, first you have to do thorough research about the project developer, property type and location as these are the most important points to consider before buying an apartment. You will face loss if you want instant return on investment. You can also read property blogs from the websites like Property Finders, Dubizzle, and Bayut to properly understand about the locations in Dubai.
How mch does it cost to paint a one bed room condo 875 square feet complete?
The cost to paint a one-bedroom condo of 875 square feet typically ranges from $1,000 to $3,000, depending on factors such as the quality of paint, labor costs, and any additional prep work required. On average, you can expect to pay between $2 to $6 per square foot for the entire project. Prices may vary based on location and the complexity of the job. It's advisable to get multiple quotes from local painters for a more accurate estimate.
A condominium, often referred to as a "condo," is a type of real estate ownership where individuals own individual units within a larger building or complex while sharing ownership of common areas and amenities, such as hallways, pools, and landscaping. Condominiums typically involve a homeowners' association (HOA) that manages the overall property, enforces rules, and collects fees for maintenance and services. This arrangement allows for a blend of private ownership and shared responsibility, appealing to those seeking a low-maintenance lifestyle.
The basic component of the consumer sector that includes all individuals living in a house, condo, or alone is referred to as "households." Households serve as the fundamental unit of consumption, making decisions about spending on goods and services based on their needs, preferences, and income levels. They play a crucial role in driving economic activity and influencing demand in the marketplace.
Are condominium considered residential or commercial?
Condominiums are primarily considered residential properties, as they are designed for individuals or families to live in. However, some condominium developments may include commercial units or mixed-use spaces, which can blur the lines between residential and commercial classifications. Overall, the primary function of a condominium is residential.
What is a bare land condominium?
A bare land condominium is a type of condominium where each unit owner owns the land beneath their unit, as well as the unit itself. This differs from a traditional condominium where unit owners typically own the airspace within the unit boundaries. In a bare land condominium, unit owners are responsible for maintaining their individual units as well as the land surrounding it. This type of condominium is common in developments where each unit is a standalone structure, such as townhouses or detached homes.
Can a condominium association evict a tenant of an owner in Florida?
Generally, tenants are required to live in condominiums in the same way that owners are required to live there. Several steps must be in place, however, according to best practices, in order for an association to evict a tenant.
First, there must be evidence that the tenant has been given all the pertinent documents that outline how an owner lives in the property. Then, that the owner sent a copy of the lease with the tenant to the board, and prior to occupancy, cleared the prospective tenant's financial and background reports to the owner's satisfaction.
The association must have been involved in addressing any 'rules' violation against the tenant through the owner, that have not been satisfied by the tenant or the owner.
Finally, the association's records must show that the board has the power to evict a tenant, given an owner's inability to do so.
What is the state of Florida condominium act?
The Florida Condominium Act governs the operation of condominiums in the state of Florida. It outlines the rights and responsibilities of condo owners, associations, and developers. The Act covers areas such as maintenance, management, financial obligations, and dispute resolution within condominium communities.
Can a condominium be classified as a single family dwelling?
Maybe. Condominium is a form of real estate ownership. Each unit is owned individually, together with an allocated interest in all the real estate assets owned in common with all other owners. There are developments where a unit is a single family home.
Is dwelling protection the same as building property protection for a condominium policy?
Your answer depends on the policy and its interpreters. Best practices dictate that you query the carrier with a specific question about a specific policy using addresses and value particulars.
Is a lis pendens on a condominium only good for a year?
The purpose of a lis pendens is to provide notice to those checking the title of real property that there is a pending lawsuit concerning the property. The duration of the lis pendens is usually until the suit is resolved, whereupon the person filing it (usually the plaintiff in the lawsuit) withdraws it.
The duration of the lis pendens may be different as provided by state law, but this is the general rule.
What is minimal reserves in the Illinois condominium law?
The Illinois condominium law -- below -- uses the language "reasonable reserves" which leaves the dollar amount or minimum up to wide interpretation. See Chapter 9: Budgets and Reserves.
Unfortunately for those of us who live in common interest communities, the law and best practices are not in sync on these matters.
Ideally, an association would fund reserves so that the chances of a special assessment to pay for major repairs would be in the 1-2% range. This would be a best practice.
Is condominium unit considered real property?
Yes.
A condominium is real property and is an estate owned in fee: The owner can sell it, leave it to a beneficiary in his/her will or the property will descend to their heirs at law if they die without a will. Fee simple is the maximum form of real property ownership.
Generally, a condominium project is a form of fee ownership by which several owners share ownership of a building(s) by each owning their respective units. In addition to their unit, each owns a proportionate interest in the land that forms the condominium property and common areas of the condominium.
What are the steps to change bylaws in a condominium association in new jersey?
To change bylaws in a condominium association in New Jersey, you typically need to review the current bylaws, propose amendments through a formal process outlined in the bylaws, hold a meeting to discuss and vote on the proposed changes, and then formally document and implement the approved amendments. It is advisable to consult with legal counsel familiar with New Jersey condominium law to ensure compliance with all legal requirements.
What are the steps in changing bylaws of a condominium association?
Your governing documents are specific about amending your by-laws, because this process is different in every community. The steps may include:
Usually, it's easier to amend the by-laws than to amend the covenants, conditions, restrictions and regulations (CC&Rs), because both are amended by a percentage of votes of the membership. By-law amendment is typically 51% or a majority, and CC&Rs amendments is typically a super-majority, such as 67%.
What are the duties of a juristic person for a condominium?
From your description, 'juristic person' sounds like a person asked to sit on a committee to adjudge resident actions vis-a-vis the governing documents.
Read your governing documents to determine the duties and responsibilities of the officer to whom your committee reports. Then ask that officer to clearly state your duties.
Can a condominium have a bylaw no renters?
Yes, and if your intention is to buy a condominium as a rental/income property, it's a good idea to read the governing documents to ascertain whether or not rentals are allowed.
In another situation, say, such as the one that faces too many owners -- rent or be foreclosed upon, you may have another option.
When no rentals are allowed, or when the association has reached its rental cap, you can petition the board and present a 'hardship' case, that indicates unless you can rent the space, you will be forced into foreclosure.
The board may be willing to allow a rental in this case, especially if you present these credentials:
Usually, unpaid assessments are not interest-bearing or interest-earning amounts, because they are debts.
Read your governing documents to verify the late fees being charged. If you believe that the late fees you're being charged are excessive, take your case to an attorney and find a legal way to protest the amount.
Continual non-payment of assessments means that the late fees are simply added, month after month.
It's a good idea to pay your assessments on time, just like you pay your mortgage or credit card bills.
You can take the condominium declaration and its rental options to the local-land-use zoning officer, and that officer can help you determine the answer to your question.
Every municipality may have a different set of guidelines and zoning regulations that cover local condominium units and their use.
The governing documents' rental period restrictions are in place to preserve the use of the commonly owned assets, which you own. This restriction is part of what maintains the resale value of your unit, which you also own.
Indian cooking odor in condominium is there a law?
There may be rules or regulations in the condominium's governing documents that address strong odors like Indian cooking. It is recommended to review the condominium bylaws or check with the property management to see if there are any specific guidelines regarding cooking odors. If the odor is causing a disturbance to other residents, it may be advisable to try to minimize the impact or come to a compromise with the neighbors.
How do you find the title for a condominium unit in Alberta Land Titles?
To find the title for a condominium unit in Alberta Land Titles, you can visit the Alberta Land Titles office website and perform a search using the legal description or the parcel identifier of the property. You can also visit the Land Titles office in person and request the title search for the specific condominium unit.
What is the meaning of 50 years in condominium?
Without a context or more information, the only answer can be 50 years is 50 years.
AnswerThere are two meanings of the word condominium as follows:
In Real Estate and Property Law: A condominium is defined as a building or complex in which units of property, such as apartments, are owned by individuals and common parts of the property, such as the grounds, common areas, facilities and building structure, are owned jointly by the unit owners.
In International Law: Joint sovereignty, especially joint rule of territory by two or more nations, or a plan to achieve it. This meaning is more of a concept than a reality and actual cases are rare.
Therefore, 50 years "in condominium" can mean the territory has been under joint sovereignty for 50 years. It can also mean a residential or commercial condominium project is 50 years old.
Can a Board of Directors block a sale of a condominium unit?
You need to review the governing documents for the particular condominium project. There may be certain provisions that give the board the right of first refusal or some other right that would empower it to block a sale if certain conditions had not been met.
You need to review the governing documents for the particular condominium project. There may be certain provisions that give the board the right of first refusal or some other right that would empower it to block a sale if certain conditions had not been met.
You need to review the governing documents for the particular condominium project. There may be certain provisions that give the board the right of first refusal or some other right that would empower it to block a sale if certain conditions had not been met.
You need to review the governing documents for the particular condominium project. There may be certain provisions that give the board the right of first refusal or some other right that would empower it to block a sale if certain conditions had not been met.