Sentences with phrase «by condo unit owners»

It is not an option for CAO, a creature funded by condo unit owners, to remain silent or on the sidelines while government rolls out regulations that profoundly impact the operations and budgets of every condominium corporation.

Not exact matches

Owners of the building's condo and hotel units have previously complained of mismanagement by the Trump Organization, which led to the 2015 removal of Trump's management team from some of the building's administrative posts.

A recent poll by Allstate Insurance Company of Canada and Abacus Data found that 61 % of Canadian condo owners either don't know or incorrectly assume that if a flood or a fire starts in their unit, the building's insurance will cover the damages to other units.

Commonly called a «master insurance policy,» the cost is shared by all of the condo owners and is typically included in each unit owner's recurring condo or HOA fees.

As a unit owner, you can protect yourself against insurance - related assessment by having the right personal condo policy.

Owner - occupants and investors Another issue particularly relevant to new condo developments is how many units are owned by investors.

The main difference is that there are two components of insurance protection for a condo: (1) a commercial condo policy purchased by the condo corporation; and, (2) a personal condo insurance purchased by unit owners.

The Victorian row house was severed from its neighbor in the 1970s when the owners refused to sell to a developer, who later erected Village by the Grange, a set of condo units in a massive half - a-block development between Queen and Dundas streets.

For condos, policies also cover unit owner improvements and some assessments made against you by the condo corporation.

What's really funny is that she was trying to build up a pro - buying / anti-renting argument, but was bombarded by hate comments (most likely from condo owners who are trying to rent out their units as income properties for profit), because they thought she was devaluing rental prices and premiums in downtown Toronto.

Apartment and Poipu condo rentals by private owners in these complexes tend to be less expensive than the same units offered by agencies or the resorts themselves.

He says the ruling shows that unit owners will have an uphill battle when challenging such decisions taken by condo boards, as the onus is on them to show they are unreasonable or a breach of the Condominium Act.

The drafter can be flexible and provide that limited common areas must be repaired by either the condo association or the unit owner.

Loss assessments can apply to condo or coop owners, or any property owner who owns a unit within a shared community property managed by a condo owner association or homeowner association.

For condo owners, all - risk home insurance can also cover improvements you have made to your unit that are not covered by your condo corporation's insurance.

As a condo owner, the original structure of your unit is covered by the condominium corporation's insurance.

So, while a condo association's insurance may help protect the physical structure of the building and the areas shared by multiple owners, that protection likely does not extend to the stuff inside a unit.

Everything outside of the interior structure covered by a unit owner's condo insurance policy falls under the responsibility of the condo board or association.

For condos, policies also cover unit owner improvements and some assessments made against you by the condo corporation.

The main difference is that there are two components of insurance protection for a condo: (1) a commercial condo policy purchased by the condo corporation; and, (2) a personal condo insurance purchased by unit owners.

Most consumers» complaints dealt with items of a common element status, thus beyond the scope of the Warranty Program's coverage of «Private» homeowner items, being items «within'the owner's «points of demarcation» private ownership areas, to wit: inner painted surfaces of the unit's walls and ceilings, items on the upper side of the floor coverings, items on the inner sides of the windows, all by the way depending upon a particular condo projects» «points of demarcation», which could vary amongst condo projects.

What these cases illustrate is that Ontario courts are more than willing to take drastic steps in the face of unreasonable, dangerous and intransigent misconduct by owners, particularly where it impinges on safety or on the enjoyment by others of their individual units or the condo development as a whole.

The condo had, for 25 years, provided unit owners with cable television service, paid for by owners» maintenance fees.

Greene says a rental option provided by the condo hotel management company allows owners to receive a portion — often about 50 percent — of the rental income of their specific unit when away.

While some new towers have a large number of condos being flipped by their owners, an inventory glut will be mitigated by minimal competition from developers, who have a majority of their units under contract, data from Miami's Downtown Development Authority show.

Smaller buildings, single - family homes and stand - alone units (condos, townhouses) are often owned by individuals or landlords who rent out these properties as a livelihood or as a side business; these properties may be marketed and rented by their owners or by a management company or agent the owner has hired.

Hopefully, the condo unit owner does so by first trying to resolve the matter with his neighbor face to face.

In Florida, the board of directors of a Florida condominium company (the «Condo Board») has the power to assess fees that must be paid by the individual condo unit owners (see Florida Statutes Sections 718.103 (1) and (24) and 718.112 (2)(g)-RRB-.

Percentage of Investors vs. Owner Occupants: Just as the borrower must qualify for a loan, so must the condo association qualify for a loan — and the percentage of units owned by investors vs. owner occupants is a crucial faOwner Occupants: Just as the borrower must qualify for a loan, so must the condo association qualify for a loan — and the percentage of units owned by investors vs. owner occupants is a crucial faowner occupants is a crucial factor.

In addition to access, the condominium association has other powers as well: its Board of Directors is in charge of the overall condominium finances (collecting and recording condo fees and assessments; paying condo expenses; etc.); as well as the collection of past due fees and assessments; foreclosing on condos; maintaining the property; and making sure that all the unit owners are abiding by the condominium's rules and regulations (along with its Articles of Incorporation, ByLaws, etc.).

A new survey of nearly 42,000 local condo owners in Toronto and Vancouver by Canada Mortgage and Housing Corporation found that 52.6 per cent of investors were planning to hold their units for at least five years, down from 58.4 per cent last year.