Condo association insurance covers property and liability for the general association of homeowners, while individual condo owners maintain separate insurance. The policies vary according to the extent of ownership and obligations of the association, and must be purchased with the guidance of a specialized insurance agent. Condo association insurance provides property and liability insurance for […]
A condo attorney represents homeowners in disputes arising from condo ownership, including issues with shared ownership, maintenance, and governance. They can represent landlords, tenants, or condominium councils and may file lawsuits or facilitate negotiations to resolve disputes. A condo attorney represents homeowners in disputes arising out of condo ownership. The roles and duties of a […]
Condominium law governs interactions within a condo community. Some laws are made by the state, while others are private and enforced through contracts. Condo laws may include disclosures and ownership structure requirements. Private condo laws specify common area rules, dues, and maintenance standards. Disputes may be resolved through arbitration or in court. Condominium law is […]
A condominium manager oversees the daily operations of a condo community, implementing policies and hiring contractors. They work with a board of directors or homeowners association and handle tenant relations and financial management. No educational requirements, but property management experience and good communication skills are preferred. A condominium manager manages the day-to-day operations of a […]
The term “tenement” refers to a building divided into apartments, but has negative connotations due to poor living conditions in the past. Landlords took advantage of immigrants, leading to cramped and unsanitary living conditions. Today, regulations ensure better living conditions, but slums still exist due to various factors. The term “tenement” simply refers to a […]
A condo conversion involves converting a property into individual units that people can purchase title to, known as condominiums. This process requires approval from local government officials and the establishment of a condo association. Maintenance fees are required, and there may be restrictions on renting or subletting. It has been criticized for driving up rents […]
