Sentences with phrase «condominium unit owners who»

Not exact matches

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.

Any credit worthy potential owner - occupant who will make the condominium unit their principal residence and who meets FHA underwriting criteria is eligible for a mortgage insured under this program.

The condominium has to then enforce that rule against the owner who is using Airbnb to rent out their unit on a transient basis.

In a prior blog post we reported about a unit owner, Mr. Lahrkamp, who had engaged in more than a dozen legal proceedings against his condominium corporation over approximately ten years.

Under the current law, a condominium owner who purchased a unit from the developer must be made «whole» upon termination.

Owners of condominiums who rent out their units are also governed by the Condominium Property Act.

In condominiums located close to university and college campuses there is frequently dissension between resident owners and investor / landlord owners as to who is entitled to occupy the units.

In a prior blog post published several years ago, we reported about a condominium unit owner, Mr. Lahrkamp, who successfully obtained a court order re...

In a condominium where the majority of units are rented, this means that any decision to restrict pets will be made primarily by owners who do not live in the condominium.

A proxy is a person who attends and participates in a meeting of the owners of a condominium corporation, on behalf of a unit owner.

In a previous blog post we reported about a condominium unit owner in Chicago who sued her condominium association, alleging a violation of the U.S. f...

The primary difference between the two different types of parking is that parking units have their own separate legal title and are legally owned by the owner of the space, who will in most instances also own a dwelling unit in the condominium.

In this case involving a 38 - year old condominium corporation, two factions faced each other: the owners occupying their units and the investors who were seeking to maximize the income - earning potential of their units by renting them to unrelated students of the nearby university.

Seeing this dichotomy raises the question: who has a more defined de facto ownership of property, the street person with their nomadic and unfettered existence on their stake of a piece of public property, or the de jure property owners in the condominium units above?

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.

The trial judge's decision was appealed, and the Florida Supreme Court pointed out that while the judge was right in finding that the board of directors had been wrong to demand that the unit owners pay for the judgments, the result was to leave the condominium property as a whole vulnerable to liens by those who won those judgments.

However, as with all things in life, there are pros and cons with condo living — and for condo unit owners, the ease and convenience of the condominium lifestyle brings with it the need to get along with neighbors who share common areas, common walls, as well as the reality that owners must deal with their Condo Boards.