Sentences with phrase «condo unit owners»

This valuable condo insurance coverage is uniquely designed for condo unit owners.

The value of the loss is assessed and may be divided among all individual condo unit owners, or in the case of a co-op the tenants.

More to the point, the decisions implicitly acknowledge that while condo unit owners have defined legal ownership rights, they still remain subject to a certain level of restriction on their conduct.

In Florida, one result of the past few year's foreclosure fraud crisis has been chaos for condo associations across the state as Florida condo unit owners have become delinquent in paying assessments.

Condo Insurance is a policy specifically designed to meet the needs of condo unit owners.

New York About Blog Himmelstein McConnell Gribben Donoghue & Joseph specializes in real estate litigation and transactions and provides representation to tenants, shareholders and condo unit owners in commercial and residential landlord - tenant matters and Loft Law proceedings.

Result: condo unit owners did win on the legal argument but they didn't get any more money out of the Board itself.

Many condo buildings will hold closed «Town Hall Meetings» when they have something important to discuss with condo unit owners — including the discovery of Kitec — and these meetings are closed to everyone except unit owners from the building.

Condo insurance, also known as an HO6 insurance policy, provides condo unit owners coverage for their properties, protects against liability claims and helps cover costs if the unit is uninhabitable.

In a recent case, Washington v. Y.C.C. No. 441, a commercial condo unit owner successfully sued the condominium corporation after the corporation registered a lien against his unit for repair costs related to clearing a blockage in the plumbing system.

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.

The individual condo unit owners legally were responsible for paying the assessment even though they did not consent or approve of the rock revetment.

A Florida condo unit owner has filed a complaint with the US Department of Housing and Urban Development, claiming that her condo association has discriminated against her on the basis of religion aft...

Many lawsuits are filed over Condo Board decisions to spend money for repairs and maintenance [14], and lots of condo unit owners are forced into lawsuits after their Condo Associations made decisions over repair and maintenance of the condo common elements.

New York About Blog Himmelstein McConnell Gribben Donoghue & Joseph specializes in real estate litigation and transactions and provides representation to tenants, shareholders and condo unit owners in commercial and residential landlord - tenant matters and Loft Law proceedings.

However, as with all things in life, there are pros and cons with condo living — and for condo unit owners, the ease -LSB-...]

An individual condo unit owner's insurance policy, an HO6 policy, is often referred to as «walls - in» insurance, as it covers the interior structure of the unit as well as your personal property.

Condo associations may also have other forms of commercial insurance, such as a fidelity insurance policy, which covers issues of employee dishonesty, but they don't typically relate to your own insurance needs as a condo unit owner.

For example, a plumbing issue could either be the responsibility of the condo unit owner or the association, depending on where it's located.

An individual condo unit owner's insurance policy, an HO6 policy, is often referred to as «walls - in» insurance, as it covers the interior structure of the unit as well as your personal property.

It may surprise you that in more than a few cases, condo unit owners have been forced against their will to vacate and sell their units.

A Florida condo unit owner has filed a complaint with the US Department of Housing and Urban Development, claiming that her condo association has disc...

In a recent case, Carleton Condominium Corporation 116 v. Sennek, the Court of Appeal for Ontario agreed with a lower court's decision that declared a condo unit owner to be a vexatious litigant.

Most Canadians carry typical home / tenants / condo unit owner's policies providing coverage for their physical assets (fire, water damage, etc) and liability coverage against third party claims such as a slip & fall on one's premises / property.

Our condo unit owners policy provides comprehensive coverage, but it does not provide coverage for every loss.

With our condo unit owners insurance, you can help protect your condo if disaster strikes.

Our condo unit owner insurance policy covers your property at home or on the go.

Because of this law, all condo unit owners in the state are required to have windstorm coverage.

Earthquake insurance policies are available for homeowners, condo unit owners, mobile homeowners and renters.

When the condo corporation insures the structure, a condo unit owner policy is normally written to cover:

New York About Blog Himmelstein McConnell Gribben Donoghue & Joseph specializes in real estate litigation and transactions and provides representation to tenants, shareholders and condo unit owners in commercial and residential landlord - tenant matters and Loft Law proceedings.

It may surprise you that in more than a few cases, condo unit owners have been forced against their will to vacate and sell their units.

But it may surprise you that in more than a few cases, condo unit owners have been forced against their will to vacate and sell their units, under powers granted to courts under the Ontario Condominium Act, 1998.

We want to bring Kitec Plumbing awareness to everyone — not just the condo unit owners of a given building — so we regularly schedule public town hall meetings at which EVERYONE is welcome to come and learn about:

Under Florida law, there is no need for the Condo Board to ask for the vote of the condo unit owners — i.e., the full Condo Association — before going forward with work that is not ``... not a material or substantial alteration or addition to the common elements.»

When Condo Boards take action that exceeds the authority given to the board of directors under the condominium documents, e.g, purchasing land, then the condo unit owners are forced to file a lawsuit to fight against having to pay the assessments that will be needed to fund the board's action.

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

Florida condo unit owners are guaranteed the right to enjoy their homes as they see fit under Florida law with one big (make that HUGE) limitation: they can not use their property in such a way that it injures or impedes the rights of another owner.

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-.

Several years ago, Gene Stevens and other condo owners of the Cricket Club Condominiums sued the Cricket Club Board of Directors for breach of fiduciary duty, seeking compensatory damages from the Board because the condo owners alleged that Condo Board of Directors spent special assessment money on things outside of those described in the Notice of Special Assessment that was sent to the condo unit owners.

Under Florida Statute 718.111 (5)[5], Florida condo unit owners must provide their condominium association with access to their condo unit in case entry is needed in an emergency (say, a burst pipe).

In Florida, now a condominium can be ended, or «terminated,» if 80 % of the condo unit owners agree to dissolve it.

This means that if a condo unit owner believes that the Condo Board has violated its duty in the assessing or application of a Special Assessment, for example, then that condo owner can sue the Board of Directors for «breach of fiduciary duty» — which brings with it the possibility of both actual and punitive (punishment) damages.

Hi Mr. Tolchinsky, Now that FL Statute 718.117 has been amended in the last session, it appears that it provides better protection for the condo unit owners.

Excess funds from a Special Assessment must be either (1) refunded to the condo unit owners or (2) applied as a credit on the Condo Books for future assessment needs.

Last Update: 02/10/16 Florida condo unit owners are guaranteed the right to enjoy their homes as they see fit under Florida law with one big (make that HUGE) limitation: they can not use their property in such a way that it injures or impedes the rights of another owner.

More and more often, Florida condo unit owners are pursuing litigation against Condo Boards over unfair restrictions regarding pets.

This is just one example of how different life can be for a condo unit owner and another home owner who lives within walking distance, but in a single family home.

Condo owners are typically responsible for insuring just a portion of their property on their own, commonly referred to as an H06 policy, and the building carries a master policy; however, rules differ from building to building, and it's important that buyers ask the right questions to know how much coverage is needed as the condo unit owner — and how much that will cost annually.