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 →
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 →
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.
Continue reading →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 →
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 →
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 →
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 →