What is a disadvantage of owning a condominium?

CON: Steep HOA fees in condo communities can outweigh the financial benefits. Condo communities may have gyms, swimming pools, community theaters, and play areas that require expensive maintenance.

What are the responsibilities of owning a condo?

Unit owners are obligated to maintain, repair, and replace physical assets designated as within the boundaries of the Unit or Limited Common Elements. Common Elements mean all portions of the Condominium other than the Units. Portions of the walls, floor, and ceilings/attic are considered part of the Common Elements.

Have they recovered all the bodies from the condo collapse?

Miami-Dade Police Department Director Alfredo Ramirez noted that human remains have been recovered at the “secondary site” of the collapse, where the remaining part of the condominium building stood before it was demolished three weeks ago.

How many died in the condo collapse?

Topline. Over a month after a condominium complex near Miami abruptly collapsed overnight, local officials said Monday they’ve identified the remains of a final missing person, sending the disaster’s overall death toll to 98.

What are the common problems of condo owners?

To help you, here are 8 condo common neighbor problems and their solutions. The Noise is Driving You Nuts! Possibly the number one complaint of condo owners is having a noisy neighbor that drives you up the wall. It can be the loud stereo player, babies crying, or loud footsteps—noises that can trigger your reflexes to just shout back and get mad.

Are there any misconceptions about buying a condominium?

A condominium can provide a less-expensive entry into the housing market, and is also a low-maintenance downsizing option for seniors. However, misconceptions about condominium ownership abound, which can often keep potential buyers from considering them as an option. They can also leave condominium owners frustrated by condo living.

How to resolve a dispute with a condo management company?

Resolving condominium disputes 422 Filing a case with Condominium Authority Tribunal (CAT) 0423 Condo managers and property management companies 0424 Making a complaint about condo management 0425 Can the condominium corporation put a lien on my condominium unit?

What are the legal issues with condominiums in Ontario?

Records issues include disagreements about whether or not someone has a right to access records, as well as the types and quality of records being kept. Disputes that are not currently handled by CAT but may be at a later date pending legislation involve issues about: For more information, view Ontario’s Condominium Act.

What do condo owners need to know to take over a condo association?

Condominiums are often governed by boards. 2 What Do Condo Owners Need to Know to Take Over a Condo Association? In most residential condominiums, the owners of the individual units will be members of a private condominium association, one responsible for maintenance, repairs, security and other matters related to keeping the building livable.

To help you, here are 8 condo common neighbor problems and their solutions. The Noise is Driving You Nuts! Possibly the number one complaint of condo owners is having a noisy neighbor that drives you up the wall. It can be the loud stereo player, babies crying, or loud footsteps—noises that can trigger your reflexes to just shout back and get mad.

A condominium can provide a less-expensive entry into the housing market, and is also a low-maintenance downsizing option for seniors. However, misconceptions about condominium ownership abound, which can often keep potential buyers from considering them as an option. They can also leave condominium owners frustrated by condo living.

How are condo fees determined by the board?

Also, remember that condo fees are determined by the condominium’s board of directors, which is made of owners just like you. In other words, no one is profiting from these fees – they are decided by owners who have to pay them just like you do.