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You finally purchased the condo you have always dreamed of. Now it's time to insure your possession. When purchasing condo insurance it's important to know you are going to need two kinds of insurance. Your homeowners insurance covers your new home and a master policy covers the common areas in the condo.
The master policy is provided by the condo association. As stated above it covers the common areas in the complex such as the roof, basement and sidewalks. Make sure you read the fine print in this policy, as you don't want to be surprised if something happens. Ask your agent if your insurance coverage will protect you when and if something happens in one of the common areas.
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Where is Taylor Swift's new condo?
Taylor's new condo is in Nashville, TN in building called the Adelicia. She has a penthouse.
When was George Condo born?
George Condo was born in 1957, in Concord, New Hampshire, USA.
Does loss assessment cover anything?
covers you for a loss assessment made by an association of property owners on common property for a "covered" cause of loss. important distinction there. i.e. condo needs a new roof due to old age - not covered. Also there are protections built in for deductibles - so condo association cannot have an extremely high deductible and instruct association owners to put in assessment claims
What is featured in Condo Management magazine?
The Condo Management magazine is mainly a magazine geared towards homeowners and condo management in states like Florida, California, and New York. It will feature articles about condo living in general.
What is the annual property tax on a condo in new orleans, la that is priced at $280K?
The property tax on a condo in new orleans, la would be 4% of the value of the properrty
How much is a condo association allowed to charge for a background check on new owners?
Legally, in USA, associations are not permitted to conduct background checks on 'new owners'. So, they would not be able to charge for such a search. Individual unit owners may be able to conduct checks on prospective tenants. Co-ops may be able to assess prospective investors, and this is made clear prior to the consummation of any purchase in a co-op.
Can you sell a condo unit in NYS without condo declaration being recorded?
No. The recording of the declaration of condominium creates the condominium under state laws. A condominium is a creation of law. If no condominium is created then no units can be sold. Condominium declarations are recorded in the land records office where the land is located. Once the condominium has been submitted to the provisions of state condominium law by the recording of the declaration in the land records, the developer can sell condominium units.
Are there any condos for sale in Florida?
An overview of information regarding condo docs and HOA in Florida. Vacation Homes Florida for sale. A resale condo and fifteen days when buying a new condo in Florida.
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Where can one buy a condo in New York?
One can buy a condo in New York by looking at places that sell condos. One can find a real estate agent that can help them find condos that they like.
Can owners in a 6 unit condo legally vet a new buyer to weed out any potential trouble such as excessive noise and partying?
Vetting new buyers is a task afforded to co-ops and co-op boards. It is not legal for condominiums or home owner associations to 'vet' potential buyers.
Where does Eli Manning live in the off season?
In his condo in New Jersey
