how does owning a condo work

As a condo owner, you are directly responsible for the space within your interior walls, and share ownership of public areas as community property. This arrangement requires you to pay condominium fees, or assessments, to maintain the building grounds.

A Condo is Just Like Home Ownership This is a tough one. When you buy a unit in a condominium, you do become a homeowner and gain access to most of the rights that come along with buying a.

Could owning a condo be a great first home for someone living in an expensive city? Or do my needs and wants warrant owning a house?. to employment centers have transformed Downtown Los Angeles into a “live, work,

Buying a Condo: What Property Will You Actually Own? Knowing what’s yours as a condo owner — and what’s your responsibility to repair or replace — may be less obvious than you’d imagine. By Beth Ross

Since we have occupied the unit, we have discovered there are at least 28 rentals and several residents in the building with questionable ownership. Had we known. What about all the other rentals?

If you own a condo right now: – Let lawmakers know what you think – Work to change your CC&Rs to make the termination threshold higher than 80 percent – Stay involved with your HOA to know what’s.

refinance second mortgage with bad credit A single-minded focus on the monthly payment can lead borrowers to a bad. to refinance her mortgage with sufficient cash-out to pay off the credit cards, paying 4.5 percent and 2 points on the new.

If you own a pool and/or hot tub you will need to pay for a weekly pool cleaning service. We typically pay between $100 and $150 per week just for those services. Unless you do the work yourself you’ll also need to pay additional fees to open and close the pools. That can cost between $300 – $500 total.

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My friend, despite the fact that his ex still owes him thousands of dollars, continues to buy him everything he can, as fast as he can-a new condo, new furniture. UPDATE: See? I do take my own.

Here's the story tallying up my wins and losses from buying a condo at 24. Winning. The first obvious step would be to find myself a nice pad in the city, right? Doesn't. Going out in the city with friends was a bit of a pain but we made it work.

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