Condo Associations and Understanding Directors & Officers Liability Whether you live in a condo or are a director or official of a condo association, a lot goes into securing the
When individuals purchase a home, they assume responsibility for the structure itself and the items stored within. Condominiums require a different approach, as the condo association assumes responsibility for many
Keeping a condominium running and residents happy isn’t easy. That’s why most communities rely on a condo association to manage day-to-day affairs. Made up of unit owners within the property,
Insurance coverage is always complex, and this is especially true for condominiums. Responsibility is split between owners and the condo association, making it difficult to always know who needs coverage
Operating a building with condos offers stability from the tenants and a steady stream of rent. However, if the tenants are allowed to rent the condos instead of own them,
Risk is always present when you own a condo, but it increases when the condo is left unoccupied for large portions of the year. To mitigate this, you have the
A kitchen fire. A guest’s slip-and-fall injury. A burst pipe. Condo ownership comes with a number of risks, and all of them can take a toll on your finances without
There are many variations of multi-family dwellings, each with their own nuances when it comes to liability. Before you buy a multi-family residential property, make sure you know the differences
As a landlord, one of the primary things you are guaranteeing your tenants is safe and secure dwellings. Depending on your location, layout, building size and other considerations, a combination
In a condo, the condo association is responsible for the maintenance, operation and oversight of all common areas. If not properly taken care of and covered through insurance, they may
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