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Category Archives: Condominiums & Coops

Don’t Be Confused When It Comes to Condo Insurance

Sandy Gadow

Condominium insurance is often misunderstood, and for good reason. Typically, owners are protected under two insurance policies: a master policy for the condo association and an individual, or HO-6, policy. The confusion arises over what each policy covers and the … Continue reading →

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Condo Living Can Be Ideal Until … New Owners Take Over the Board

Sandy Gadow

I’ve lived in a condominium for over 15 years, and overall, it has served me well.  The building has great views, a perfect location, and spacious apartments.  For the most part, my neighbors are congenial and the convenience and security … Continue reading →

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What Happens When Your Rental Is Being Converted Into a Condo?

Sandy Gadow

Do you live in an apartment building that is going to be converted to a condominium? If so, are you at risk of being evicted? Or is this your unanticipated chance to finally become a homeowner? Many cities where land is scarce and housing is hard to find have developers who are clamoring to find established rental buildings that are suitable for conversion.

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What is a Co-Op?

Sandy Gadow

A co-op is similar to a condominium except rather than owning a piece of physical property you own a share in a corporation.  The corporation in turn owns the building you live in, and you get a proprietary lease to … Continue reading →

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What Happens When My Rental Apartment Is Converted to a Condominium?

Sandy Gadow

Amy Silk has been renting her extra large one bedroom apartment on Village Boulevard in North Palm Beach, Florida for the last two years. She loves it there – the location and amenities of the property fit her needs perfectly. … Continue reading →

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That Condominium Will be the Perfect Rental Property

Sandy Gadow

Condominiums may appear to be the ideal way to purchase rental property, as their price is often lower than the price for a single family home. You may find a condominium unit which is in an ideal location, located near … Continue reading →

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Do I Get Title Insurance on a Condominium?

Sandy Gadow

In a condominium, you technically do not own “land” but rather you own the “air space” inside the walls, ceiling and floor of your unit. Title insurance is available for a condominium, just as it is in a house on … Continue reading →

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