- Who is responsible for mold in a condo?
- What does condo insurance cover in Florida?
- How do you deal with an unresponsive Hoa?
- Is it better to buy or rent a condo?
- Who pays for repairs in a condo?
- Why you should never buy a condo?
- Are balconies limited common property?
- Should seniors rent or buy a condo?
- Why a condo is a bad investment?
- Who is responsible for drywall in Florida condo?
- Can a condo owner sue the association?
- What is a condo owner responsible for?
- Are condo owners responsible for plumbing?
- Who is responsible for doors in a condo?
- Who pays for limited common element repairs in Florida?
Who is responsible for mold in a condo?
Thus, most judges and juries will insist that housing owners and managers eliminate mold when it does occur.
In condo associations, where owners own their own homes, the board generally is not responsible for dealing with the mold within the units unless the mold was caused by the association’s negligence..
What does condo insurance cover in Florida?
A condo association’s insurance policy typically covers:Exterior of the building and condo.Land the condos are located on.Damage in common areas, such as pools, hallways and lobbies.Liability in case someone is injured while on the property or in certain common areas.More items…•
How do you deal with an unresponsive Hoa?
If your HOA is unresponsive to written communication, the first thing you want to do is take every action to contact the directors by phone. If you get no answers, find out if they are holding a meeting and attend it. If they still don’t address your concern, you might need to seek legal advice.
Is it better to buy or rent a condo?
Condo Ownership: Here are the most The most significant difference between condo and apartment living is ownership. … As opposed to apartments where your rent goes to your landlord, buying and paying off a condo is a form of investing in yourself. Ownership presents individuals with many benefits that renting doesn’t.
Who pays for repairs in a condo?
Condo owners pay a fee, which covers some maintenance and other costs associated with the property, such as heat, water, sewer, and garbage collection fees. Condo buyers should consider the condo fees before buying a condo and any special assessments that might arise that would require additional funding.
Why you should never buy a condo?
Less Space and Flexibility. Another one of the reasons not to buy a condo is that you have less space and flexibility in how you use your place. Some condos offer owners extra storage space or possibly a basement, but you’ll still likely have a smaller, more compact living environment than you would in a house.
Are balconies limited common property?
Limited common property (LCP) is common property that has been designated on the strata plan or on a sketch plan filed at the Land Title Office for the exclusive use of one or more strata lots. For example balconies and parking spaces may be designated as limited common property.
Should seniors rent or buy a condo?
“But retirees should look at renting as an investment into a lifestyle. Renting can be cheaper than owning a home, and retirees can free up home equity to improve their life.” … They eliminate the mortgage payments and other ownership costs and can invest the equity.
Why a condo is a bad investment?
Owning a condo harbors more financial obligation than single family homes and gives you more uncertainty when it comes to estimating unexpected expenses that you might incur. The best rule is to always overestimate your expenses when buying a condo for investment.
Who is responsible for drywall in Florida condo?
Basically, the drywall and anything behind it is the association’s responsibility; everything from the drywall finish out into the unit is the owner’s responsibility. The unit owner is also responsible for his or appliances, furniture, and cabinets and other fixtures.
Can a condo owner sue the association?
If you run into problems you can’t resolve with your association, your only recourse in most cases is to sue in civil court, which can be expensive. Even if you prevail, you may still end up paying your own attorney fees. And the association’s fees are going to be shared among you and your neighbors.
What is a condo owner responsible for?
A unit owner is usually made responsible for the maintenance of everything that is a part of his or her unit. So, for example, if a “unit” in your condominium complex is defined to include the exterior shutters on your windows, those will be your responsibility to maintain.
Are condo owners responsible for plumbing?
“In a typical condominium association, all domestic plumbing contained within the walls (risers) belongs to the association. … The unit owner is responsible for all the plumbing fixtures within their unit—tubs, toilets, sinks, faucets and drain lines from their unit to the vertical main line,” Meyer explains.
Who is responsible for doors in a condo?
The reference to a door includes the door assembly components. Therefore, in order to specifically answer your question, one would need to review your condominium plan. If the condominium plan indicates that a door is an owner’s responsibility, then you are required to pay.
Who pays for limited common element repairs in Florida?
(1) Maintenance of the common elements is the responsibility of the association.