Just like owners and renters, someone who lives in a condominium wants a specifically tailored insurance coverage. I know all Realtor s are completely different and that’s the very reason I’m scripting this series on Tips on promoting your House or property. In case you are purchasing a unit in a brand new project from the developer, the Florida condominium regulation has provisions to be sure to are knowledgeable.
On the contrary I’ve enjoyed all of my experiences within the Actual Property area whether it’s in selling a house or buying a house. The condominium acts as a non-revenue legal entity maintaining the widespread areas of the property, and is managed by a representative elected by the owners’ conference.
Your condominium is referred to as a “unit.” All the remainder of the condominium is named the “frequent parts.” You may have unique ownership of your unit and also you share in the possession of the common parts with all of the different unit homeowners.
But not like the condominium, the townhouse advanced’s HOA owns not one of the building or the land below it. It’s primarily below contract to the townhouse owners to maintain the components of the constructing which …