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The Five Types of Community Associations

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Community Associations – such as Homeowners Associations, Condo Associations, and the like, come in a variety of different flavors.  Although they tend to be similar in many ways – most notably that they have substantial control over homes within their jurisdiction and they are able to collect dues – they can also differ substantially.  In some cases, a single property might be...

What Condo Bylaws Matter the Most

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Everyone gets a copy of their Association Bylaws both when they put an offer in for a Condo and after they close.  Too often, this is the first and last time Owners think about their Bylaws – until the Association does something they don’t like.  People don’t fully appreciate (and perhaps, real estate agents don’t fully make clear) the depth of the legal covenant you’re agreeing to when you...

Buying Pools: Save Money for Your Condo Association and Be an Unsung Hero

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A Condo Association often has maintenance activities that are not covered by the Association but nonetheless are quite important.  Things like HVAC inspections, dryer vent cleaning, etc. – all should be done on a regular maintenance schedule.  This lead Owners to ask a logical question of our Board – can we organize a shared buying pool, where many units go in on the same service to...

Four Things to Know Before Buying a Condo Conversion

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So you’re ready to buy your new Condo, and you already read my previous article here.  However, you just learned that your new Condo is a “Conversion.”  This is where a Developer buys an apartment building and turns it into a Condo.  A building may have a prime location where it is profitable for a Developer to buy the old property and flip it into Condos.  Buying a condo conversion is more...

Four Things to Watch Out for When Buying a New Condo

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Buying a new condo, whether the building is newly constructed or a conversion is a goal for many buyers – for starters, the condo has that “new car smell.”  There are many good lists out there for tips on buying Condos in general – here’s a recent one I really liked – but new construction (or conversions) carry additional risks that you should be aware of...

Who are the Players in a Condo Association?

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I refer to the “big three” of condo associations often: Owners, Board, and Management.  As a point of intent, this blog is expressly targeted at providing advice to each of these groups and how they deal with each other.  But who are they, and what do they do?  Here’s a quick breakdown of the players in a condo association. Owners These are the individuals who own a condo and make up the...

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