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Condominiums

Condominiums are buildings made up of individually owned apartments or houses. They generally contain shared spaces like a lobby or roof, which are controlled by an association of owners.

336 Questions

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:

  • A renter-vetting service receipt indicating that you've completed a background and finance check on the potential renter -- no names/ results, just proof that you've completed the procedure
  • A copy of the lease you propose signing with the tenant
  • Proof of sharing the governing documents and house rules with the tenant, so that the tenant can live in the unit as an owner, without the power to vote
And be willing to work with the board to give the association a sense of 'comfort' that the tenant will be a civil and cooperative addition to the community.


Finally, some lending institutions will not loan money to buy a condominium when rental percentages relative to owner/residents is too high. Therefore, either rentals are dis-allowed, or a rental cap may be in place.

What is the maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late?

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.

Do zoning regulations take precedence over minimum rental periods spelled out in Declaration of Condominium?

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.

Answer

There 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.

Who do you get a Condominium Declaration from?

You are entitled to a copy of a condominium's declaration when you purchase a condominium.

You can obtain a certified copy from the county records clerk, and you'll pay for it. You may be able to purchase a copy if you are not an owner; local laws apply.


Otherwise, you can obtain a copy from the previous owner, from the developer if you are the first buyer, or from the condominium management company.


A condominium declaration is a lengthy document, a legal document and is only part of the list of governing documents used by its board of directors to manage and lead the condominium association.


You should always verify that the copy you obtain is the latest, most up-to-date version of the document you want.

What is the average lifespan of a condominium?

New owners gut and redecorate condominiums whenever they want.

The key to any building's life-span is geography coupled with maintenance. There is no standard.

A well-maintained condominium structure can have the same lifespan of other well-maintained buildings in the geography.

If the structure is not maintained, then its life-span will be shorter.

What is the minimum number of units allowed in the Washington state condominium act?

In a quick review of RCW 64.34, no minimum number stands out, so because the word 'units' appears in the act, one can assume that a minimum of two might apply.

You can follow the link below, and read the act for yourself.

What is considered common area in a condominium?

A stairwell that leads to a single upstairs unit; a deck outside a condominium accessible only by one unit; the roof area accessible only by the penthouse; assigned parking slots assigned to a single unit.

There are other examples of limited common areas unique to unique condominium communities, depending on their location in the world.

Examples of common property are the pool, the clubhouse, or the golf course.

Are condominium complexes private property?

Your question and the categories you chose make it look like something in your possession was repossessed on property that is part of a condominium complex.

With those facts as assumptions, your answer is:

  • Some of the complex is private property, some is common area and some is public.
  • With proper documentation, any asset can be repossessed. (It's a lender's right to reclaim assets in order to retire an unpaid debt.)

Here are the details you need to answer your particular question:

  • Please read your governing documents to determine where your 'private property', i.e., your unit boundary line runs. As well, you can find the definition of what parts of the complex are owned by all owners in common.
  • Your local tax assessor can help you understand what part of your complex is public.
  • Laws in different states govern access for repossession, so you need to understand those for your state.
AnswerA condominium property is private property in contrast to public property which is owned by the government or the community such as a park, highway, school or public library. Generally, the towns do not maintain the streets within a condominium project thus they are also private.

What is the difference between a condominium and a planned unit development?

A condominium is a living or working space (unit).

A planned unit development may include a mix of commercial and residential spaces, and free-standing commercial areas, such as petrol stations and a shopping mall.

Does the gate have to stay locked at a condominium swimming pool in WI?

States are not generally involved in the operations of amenities owned by common interest community associations, but apparently in Wisconsin, it is.
If you have strong feelings about the gate and whether or not it is locked, make your wishes known to the board and bring up the topic for discussion in an open board meeting.

When you own a condominium are you responsible for the exterior of the residence or building?

Read your governing documents to determine who owns the outside of the condominium. Typically, the 'outside' is owned by the association, and of which you share ownership with all other owners.

Ownership determines maintenance.

What the similar of condominium with townhouses?

The definition of a townhome is that it is a multistory dwelling that is attached to the adjacent properties. Apartments are frequently single story (although they do have townhouse apartments), and houses are typically not attached to their neighbors.

How tall is a condo building?

There is no standard.

From a Wikipedia search result: 'storey height':

"The height of each storey is based on the ceiling height of the rooms plus the thickness of the floors between each pane. Generally this is around 10 feet (3.0 m) total, however it varies widely from just under this figure to well over it."

What is a condominium association exclusion rider bond?

When you purchase a condominium and grant a mortgage one of the documents you will be required to sign in connection with your loan is a "Condominium Rider." This rider is an attachment to the document recorded in the land records to secure your loan.

Average cost to build a condominium?

A local builder may be able to answer your question, or a local architect.

Your cost depends on the number of units you plan to build and to what level of quality you want to build.

Is the roof over a single unit in a multiple unit condominium considered common property?

Read your governing documents to understand the line between what you own individually and what you own with all other owners.

The line is usually described as 'the skin', 'the wallboard', 'the studs' and so forth. As well, your CC&Rs should define in particular what is owned in common within the walls. This definition may cover 'plumbing', 'conduit', 'vents', and so forth.

What is the most luxurious condominium in Seattle?

Wikipedia lists a condominium building at Eighth and Stewart, proposed for completion in 2009, as the tallest such building. It is proposed at 38 floors.

Read more, below.

For the tallest existing building, you can contact a local realtor, who can answer your question.

What is the meaning of the word condominium?

The word condominium generally means sharing ownership with others. A condominium is legal arrangement whereby multiple owners share ownership of real property. A portion of the property in the form of units is individually owned and the rest of the property is owned in common with all the unit owners subject to the provisions of the Declaration that created the condominium and to the provisions of state law.

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 such as pools, recreation areas, game rooms, community rooms, elevators, stairwells, corridors, streets, surrounding land, laundry rooms, and unassigned parking areas.

By the acceptance of their unit deed each unit owner agrees to have their unit subject to the provisions in the Master Deed. Although a condominium is governed by statutory law, can promulgate rules and regulations and assess monthly maintenance fees, the ownership of a condominium unit is considered a fee simple estate.

Who owns a condominium complex?

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.

What are advantages of owning a condominium unit?

Your real estate is part of an association with a legal obligation for the board to 'protect, preserve and maintain' the collective asset. Your assessments pay for 'someone else' to handle repairs to common areas, so you are relieved of many of the maintenance issues that face single-home owners. Often, a community of neighbors can be built, because you are all co-investors.