How does redevelopment affect condominium owners? What are the rights of condominium owners when a building is undergoing renovation?

The condominium fee includes the Montgomery Village Foundation assessment, separate recreational facility use and management fees. The condominium fee also ... May 21, 2021 ... Common elements are defined as all portions of the condominium other than the units. What does this mean? It means all the areas on property ... Nov 16, 2021 ... What's a condo? A condo or a condominium is defined as a living space closely resembling an apartment. The major difference is that a ... Mar 8, 2024 ... A condo refers to a private residence located inside a shared building that individual owners can purchase, while an apartment is usually owned by a property ... Jan 13, 2023 ... What is the difference between a condo and an apartment? Ownership. The main difference comes down to ownership. Condominiums are owned by ... Dec 3, 2024 ... Condo insurance, or HO-6 insurance, is a policy designed to protect condominium owners from financial losses due to damage or liability. A condo owner is expected to pay a condominium association fee that in part covers property insurance for the common areas of the complex. The biggest difference between a condo and an apartment can be seen in who owns and manages the property. A condo is managed and owned by a landlord, while an ... Condo and townhouse insurance will differ according to the specific terms of your insurance plan. However, this chart gives you a general idea of what each ... Condo insurance can cover liability claims, damage to your condo unit and belongings, and additional living expenses if you're unable to stay in your residence ...