What are the warning signs that a condominium community may be in trouble? What resources are available for first-time condominium buyers?

Jan 4, 2024 ... The major difference between cooperatives and condominiums is that the shareholders in a housing co-op have the right to vet the people who seek ... In general, the president has more powers than other officers, but the president still doesn't run the whole show at a condo or HOA. "There are delineated ... Ownership · Condos – When you purchase a condo, you'll own your condominium unit as well as a share of the building's common areas. · Townhouses – When you ... 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 ... Townhome, condominium, and other homeowner associations are typically part of what is called a common interest community, or CIC. Every condominium of 150 or more units to have an independent website or web portal that provides condo owners copies of certain specified official records. Oct 1, 2005 ... A condominium consists of an undivided interest in common in a portion of real property coupled with a separate interest in space called a unit. Jan 18, 2024 ... Some declarations will require the association to be responsible for such loss if the association is required to insure the component. In that ... Apr 29, 2021 ... You'll likely find apartments to be more generic in their offerings to tenants. If renting a condo versus an apartment is more about expensive ... Jan 23, 2025 ... Condo fees are designed to pay for the shared expenses of a condominium community and can cover a wide range of expenses and services.