"Condominium owners" refers to individuals who own a type of housing called a condominium. A condominium is a building or a complex of buildings where each unit is privately owned, while common areas like the hallways, gardens, and amenities are shared among all the residents. So,
condominium owners are people who own these individual units or apartments within a condominium building.
Full definition
Unlike the owner of a single - family home, a single - unit
condominium owner does not need coverage for the entire building, instead, just their unit.
Because co-op and
condominium owners share their building structures, two policies — a master policy and an individual policy — are required to fully protect all parties involved.
Loss of use:
Many condominium owners add relocation assistance in case they have to move out while the unit is being repaired or rebuilt.
With the rapid rise in the number of condominium projects being constructed, many purchasers of units are first -
time condominium owners.
Many owners who do not
attend condominium owners meetings use proxies to vote for the election of directors and other matters.
CT condominium owners should speak with an agent regarding your coverage through the association, as well as your risk associated with your home.
The increase in
condominium owners during this period accounted for one - quarter of the increase in the number of Canadian households that owned their dwelling.
A condo insurance policy, also known as an H - 06 policy, is a type of homeowners insurance that is specifically tailored to meet the unique coverage needs
of condominium owners.
Because co-op and
condominium owners share their building structures, two policies — a master policy and an individual policy — are required to fully protect all parties involved.
Montalbano was referring to group of wild cats kept
by condominium owners on Key Largo, home of the Key Largo Wood rat.
In an announcement this morning, Ontario's Minister of Government and Consumer Affairs, David Orazietti, introduced new legislation that would increase protections for
condominium owners in Ontario, improve how condo corporations are run and ensure that condo boards are governed professionally.
61 % of
Canadian condominium owners taking part in the poll do not know or incorrectly assume their building's insurance will cover damage to another unit from water or fire that originated in their unit.
61 % of Canadian
condominium owners taking part in the poll do not know or incorrectly assume their building's insurance will cover damage to another unit from water or fire that originated in their unit.
Condo Accounting — To calculate revenues, expenses and profit - sharing
between condominium owners and the management company; and
Enforcing compliance with the condominium documents against a
defaulting condominium owner can be a very costly undertaking for a condominium corporat...
The Condominium Authority is seeking public comments
from condominium owners, residents, managers, directors and other condominium - industry players on the amount of the fees and assessments that the Condominium Authority is proposing.
NEW YORK (AP)-- A judge
says condominium owners in a New York high - rise called «Trump Place» can stop displaying the name licensed from President Donald Trump nearly two decades ago.
Though not clear how many «middle - class» homeowners there are in a city where the median home prices even in Queens are well over $ 500,000, Johnson floated a $ 400 tax rebate for co-op and
condominium owners making less than $ 150,000 a year, Crain's reported.
In the case of provincial or municipal elections, there is no similar law (like the Canada Elections Act)
guaranteeing condominium owners the right to place election signs (in their units).
In a recent case, Seto v. PCC No. 492, several
commercial condominium owners were unsuccessful in their application for an order that the condominium corporation had engaged in conduct that was oppressive or unfairly prejudicial to their interests.
Moreover, the protection for services «customarily available to the public» could be interpreted to
cover condominium owners.
While those with single - family homes buy policies that cover the building structure, and personal property coverage (within limits as discussed above) is included,
condominium owners get their homeowners coverage with their HOA dues.
In order to get it right, RECA is working in partnership with the condominium manager industry and other stakeholders,
including condominium owners.
For anyone wanting to rent a Florida condo or any
Florida condominium owner thinking about leasing out their Florida condo as an investment, it's important to know there have been changes to Florida landlord — tenant law that became effective this summer (effective on July 1, 2013) which may impact your decision to lease as -LSB-...]
Because of the condo association's master policy,
condominium owners do not have the same insurance coverage needs as traditional homeowners.
Nevertheless, Justice Hawco cited Gay Alliance v Vancouver Sun, [1979] 2 SCR 435 for authority that protections of accommodation customarily available to the public apply to «such matters as accommodation in hotels, inns and motels» and not to condominiums, which are governed by private contract
between condominium owners and the condominium corporation (1999 ABQB 119 at para 7).
Enforcing compliance with the condominium documents against a
defaulting condominium owner can be a very costly undertaking for a condominium corporation.
A group of
condominium owners in Palatine has filed a lawsuit against the association's three - member board, alleging that the board accepted a sale offer far below what the residences were worth in an effort to deconvert the more than 700 units to...
He held that in light of the purposes of health, safety, comfort and convenience
of condominium owners, Article 62 (a)(iv) should be interpreted to permit live - in caregivers «required to provide necessary assistance» to residents (at para 14).
If I were
a condominium owner I would RUN from a controversy like this.
Governor Andrew Cuomo assured voters that he and lawmakers in Albany will work to extend a tax break that stands to impact many co-op and
condominium owners in New York City.
Tenant dwelling insurance and
condominium owner's coverage are also two excellent options if you're not quite a homeowner but want to make sure that your dwelling is completely covered.
The condominium owner is preferable for lenders for additional funds due to the higher equity percentage.