Sentences with phrase «condominium building association»

Not exact matches

All common areas, the condominium building's structure and many internal features, such as the roof, walls and elevators, are generally covered under an insurance policy purchased by the condo association or HOA.

Maybe you are the president of the homeowner's association for your 52 - unit condominium building.

All common areas, the condominium building's structure and many internal features, such as the roof, walls and elevators, are generally covered under an insurance policy purchased by the condo association or HOA.

Those portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project's homeowners» association (or a cooperative project's cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance.

They think that the master insurance policy that protects an entire condominium building, and is taken out by the condo association governing that building, is all that they need, and that this policy will cover their individual unit should their dishwasher flood their kitchen.

All condominiums have what are called homeowners» associations, which are responsible for the upkeep and repairs for the building exteriors, the grounds and any commonly shared facilities.

Check to see if (in addition to obtaining the landlord's approval), you must also submit a written request to the building's board of directors (or association, in the case of a condominium community).

Representation of construction manager in the defense of multimillion - dollar construction defect action filed by a condominium association asserting nearly 100 building code defects that were claimed to be the result of defective construction.

The suit was based on a statute that appeared to mandate the automatic reversion of legal title of unbuilt condominium units to the Condo Owner Association if, after ten years, the Developer failed to build and complete those units per a filed Master Plan.

When you purchase a condominium, the building structure and grounds are normally managed by a condo association.

The condominium building is a commonly owned property and is normally insured through a condominium association policy, also known as a master policy.

Typically, a condo owner purchases an H - 06 policy for possessions and personal liability, and the condominium association carries insurance for the building exterior and common areas.

After all, they are renting - the building manager, condominium association or landlord will take care of the expenses incurred in the event of a disaster.

While their condominium associations carry insurance, the master policies usually only cover the building structure, along with any common areas.

Let's say you rent a condo in Maine and you believe that your condominium association's insurance policy covers your building.

The condominium association's master policy covers the building, lawns, pool, and parking lot, but not the interior of your home, or your property or liability.

When you own a condo, you pay dues to a condo association which will have a master insurance policy that covers the physical structure of your building, as well as the common areas of your condominium complex.

The condo association insures the common areas of your condominium for liability and damage, as well as the structure of the building.

The structure of the building in which your unit is housed as well as all common areas will be covered by the condominium association's master insurance policy, but you will need your own Georgia condo insurance policy to cover everything within your unit.

If you live in a condominium or rent an apartment, the insurance coverage held by your landlord or condo association insurance will likely cover damages to the building structure itself, not your personal property.

Common Areas Those portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project's homeowners» association (or a cooperative project's cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance.

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