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What else can I help you with?
What are the nonsmoking areas of condo buildings?
Your governing documents define areas where smokers can smoke in your building. There is no standard.
Will your condo insurance policy cover sewer back up?
No. Sewer back-up coverage is usually available as an endorsement that can be added to a homeowners policy. A condo should be insured on a for HO-6 homeowners policy. You should really look closely at the endorsements available and see what you need and what you don't need. Also be familiar with your condo agreement so you will understand what your responsibilities are for insurance on the common areas and common properties as well.
What does lock out rooms mean in condo rental terms?
Usually, this can mean a room or closet or whole area of the unit that renters are not allowed access to, so the owner can keep/ store/ maintain items and areas strictly for owner use.
Should a the square footage for a garage in a condo be included in the overall square footage?
Square footage in housing usually only includes finished living areas. A garage is not living space.
Have Florida legislators passed a law to force condo owners to pay their condo fees?
no but trying to If a condo owner falls more than 90 days in arrears of association, the right to use common areas can be suspended by the association until such dues are paid.
New Condo Owners?
You finally purchased the condo you have always dreamed of. Now it's time to insure your possession. When purchasing condo insurance it's important to know you are going to need two kinds of insurance. Your homeowners insurance covers your new home and a master policy covers the common areas in the condo. The master policy is provided by the condo association. As stated above it covers the common areas in the complex such as the roof, basement and sidewalks. Make sure you read the fine print in this policy, as you don't want to be surprised if something happens. Ask your agent if your insurance coverage will protect you when and if something happens in one of the common areas.
Measure square footage of condo include percentage of common areas?
Usually not. The square footage quoted should mirror what the unit owner owns and can sell. However, when selling a condominium, a seller can list dedicated amenities, such as an attached deck, a garage, a parking stall, and so forth, that are limited common areas for use solely by that unit. Finally, there is a percentage of ownership of the common areas listed for each unit. This percentage often determines the monthly assessment amount and sometimes, voting weight within the association.
Should you have pets in condominiums?
depending on the size of the condo, of course !
Are the exterior windows doors and screens considered common areas of a condo association?
Depends on your MAINTAINENCE agreement
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, and depending upon your coverage, may also cover the internal structural elements (walls, floors, ceilings, fixtures, countertops, etc.) of your specific condo unit. Since there is no damage to your condo unit, your personal condo insurance will probably not apply, even if you have flood insurance. So, the answer to your question depends upon what type of policy your condo association holds. You should therefore ask your condo association.
Should laundry be allowed on condo decks?
Whether or not laundry should be allowed on condo decks is a judgment call.However, you can read your governing documents to verify that laundry is allowed on your condominium deck, or is not allowed.
Can you sue your real estate agent for not imforming you of a condo association's poor financial situation?
You should consult with an attorney in your area who can review the details and explain your options. If the agent steered you to a troubles condo project just to get their commission there may be some breach of your contract. Also, the attorney who represented you in your purchase should have known the condo was in trouble via the title examination. You should discuss it all with an attorney.You should consult with an attorney in your area who can review the details and explain your options. If the agent steered you to a troubles condo project just to get their commission there may be some breach of your contract. Also, the attorney who represented you in your purchase should have known the condo was in trouble via the title examination. You should discuss it all with an attorney.You should consult with an attorney in your area who can review the details and explain your options. If the agent steered you to a troubles condo project just to get their commission there may be some breach of your contract. Also, the attorney who represented you in your purchase should have known the condo was in trouble via the title examination. You should discuss it all with an attorney.You should consult with an attorney in your area who can review the details and explain your options. If the agent steered you to a troubles condo project just to get their commission there may be some breach of your contract. Also, the attorney who represented you in your purchase should have known the condo was in trouble via the title examination. You should discuss it all with an attorney.
