The vast majority of people who live in condominiums never have a problem with their homeowners association. Apart from that, there are projects that involve the construction of promenades, shopping centers, offices and condos which are contributing heavily to giving an entirely new look to the Miami real estate market. Condominiums have conditions, covenants, and restrictions, and often additional rules that govern how the individual unit owners are to share the space.
Senior condominium living is designed to provide a physically safe living environment for its residents. Waterfront condominium living can cut that cost in half, if not more. It defines the units and common elements and specifies the interest each owner has in the common elements.
Managing a condominium is one of the toughest things to do. This book contains back-to-basics principles that are typically not discussed by anyone else, but would be important for any building manager or committee member to know. A major convenience of waterfront condominium living is that all of the waterfront maintenance is handled by experienced staff on the property.
Tourists prefer staying in condominiums in Naples, Florida to staying in a hotel as it gives a feel of a home away from home. Owning single-family detacahed homes is not the same as owning condominiums. In practice, it is difficult to get all owners of a condo to agree to any particular by-law, said Dr Lim Lan Yuan, president of the Association of Property and Facility Managers.
Prices of condos are higher than residential homes, because for one they are considering other factors in pricing these units. The corporation holds this property in trust on behalf of the homeowners as a groupâ€”it may not have ownership itself. Condo owners only own the interior of their unit.