There are actually many people who dreams of having a home near a beach. A building with multiple residential units may simply be owned in common by multiple people, with each having specific rights to a particular unit and undivided interest in the rest. If the developer is no longer in business, its condominium association may have little or no legal recourse in the event of serious flaws are discovered on the property.
While condos are usually managed by a Homeowners’ Association (HOA), each individual unit has a separate owner. The declaration also provides the process for making decisions about …