Selling Tips For Luxury Condos
In these days of less amount of accommodation availability people often seemed to be interested in joint accommodation systems. Of course, five years back apartments were more popular and condos are yet to catch on to the popularity of an apartment. The issue is primarily how property areas are defined and the ability to own individual units. Co-op shareholders and condo unit owners: please tell your board or managing agent if the unit is your primary residence so that you can receive the abatement.
Typically, HOAs take responsibility for common elements but require that owners maintain the limited common elements that are connected to their unit. This did not create a significant problem until the 1950s, when “flats” (where ownership is divided horizontally) first began to appear on the market as more affordable particularly for first-time buyers.
If you do not feel comfortable living in condominium rules and restrictions, and …