What are the risks of buying a condo in a building with ongoing litigation? How do you research the financial health of a condo association?

Jul 22, 2024 ... Condo ownership grants you more control and flexibility in customization, but also entails individual maintenance and potential HOA fees. On the ... A condominium, or condo for short, is a type of property ownership that is usually located in a residential building or community, but the unit itself is owned ... In your condominium, you will have to learn the rules of the HOA and any rules your landlord may have set. Apartment rules are stated clearly in your lease and ... May 24, 2011 ... Condos tend to be in complexes rather than single buildings. Additionally, a condo is purchased and owned, whereas an apartment is rented. This ... Dec 14, 2020 ... While similar, there are key differences between a condo and an apartment. See what a condo is & all the perks of owning or renting a condo. More specifically, a condo is a form of ownership where people own their unit within a larger building or community, while apartments are rented living spaces ... Apr 22, 2022 ... Condos may be more expensive to buy, but easier to finance. Apartments in cooperative buildings tend to cost less, but are harder to finance. A ... Feb 12, 2017 ... The biggest difference between a duplex and a townhouse or apartment or condo is ownership. In a duplex, the entire building is owned by a single person and ... Mar 28, 2022 ... Whereas each unit in a condo building is owned by individual occupants, all of the units in an apartment building are owned by one person: the ... Apr 21, 2024 ... One of the main differences between a condo and an apartment is ownership. While people typically rent apartments, they purchase condos. By ...