What steps can I take if I believe the condominium association is mismanaging funds?

Sep 3, 2024 ... Defining Key Terminology. Before diving into differences, let's review exactly what condominiums, lofts and apartments refer to: Condominium ( ... A condo association is responsible for maintaining the common areas and elements of a condo development. That includes managing the association's finances and ... 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 ... Jun 13, 2013 ... This rider is an attachment to the document recorded in the land records to secure your loan. In DC, Maryland and Virginia the recorded document is called the ... Jun 4, 2022 ... Just like homeowners insurance, personal condo insurance offers coverage for liability and personal items. What is the Cost of Homeowner's ... The English word “condominium” was first used in 1718. This form of property ownership, where an individual owns their unit but shares ownership of common ... 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 ... Nov 28, 2017 ... A condo is simply a more specific form of an apartment. That means a condo will always be an apartment, but an apartment doesn't necessarily always have to be ... Dec 27, 2024 ... A condo home is a private residential unit within a larger property or complex that you can purchase and own. While you have complete ownership ... Dec 9, 2024 ... A condo may be deemed non-warrantable if the homeowners association (HOA) does not allocate at least 10 percent of its dues to a reserve fund ...