Sentences with phrase «time condominium owners»

With the rapid rise in the number of condominium projects being constructed, many purchasers of units are first - time condominium owners.

Not exact matches

Many times, the condominium is being doubly punished because the unit owner has already stopped paying the common charges and may have abandoned the unit.

If a property owner fails to keep their property safe through routine inspections and maintenance, they can be held liable in court for pain and suffering, any time loss from work, medical bills, and other expenses caused by injuries sustained during a condominium accident.

If a condominium association fails to provide a copy of the most recent financial report to an owner who has submitted a written request for same within 5 business days, and then fails to provide the Department of Business and Professional Regulation (the «Division») with a copy of such report within the same time frame after the Division's request for such record, then the association may not waive the financial reporting requirement for the fiscal year in which the owner's request was made or for the following fiscal year.

(5) If an owner of a unit in a vacant land condominium corporation fails to maintain the owner's unit within a reasonable time or to repair it within a reasonable time after damage, the corporation may maintain or repair the unit, as the case may be.

Although owners may fall into arrears from time to time, most condominium corporations are able to secure the payment of those expenses by lien and have those arrears either paid by a mortgagee or the owner.

The condominium declaration provided that the owner's parking units could be used for «a commercial parking business for the leasing of individual parking spaces for such period of time as the Owner... may in its sole discretion determine provided not less than 30 such Parking Units are made available at all times for hourly or daily parking.&rowner's parking units could be used for «a commercial parking business for the leasing of individual parking spaces for such period of time as the Owner... may in its sole discretion determine provided not less than 30 such Parking Units are made available at all times for hourly or daily parking.&rOwner... may in its sole discretion determine provided not less than 30 such Parking Units are made available at all times for hourly or daily parking.»

The amendments include the creation of a condominium tribunal to reduce the time and costs associated with dispute resolution between condo owners and corporations.

Years ago, an HOA more than 20 years old at the time was sued by two home owners who claimed the association converted their attached «townhouse» homes from condominiums to planned development lots, despite the fact that the original covenants clearly identified the HOA as a planned development.