How do you figure undivided interest in a condominium?

Answer Every condominium community calculates this differently, and your answer is available in your governing documents. Look in every index for 'Allocated Interest', and review which scheme is in use fo... Read More »

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How do you forfeit your rights to your Undivided Interest and property owner associations?

If you purchased a property that has an undivided interest in common areas and that requires membership in a homeowner's association you cannot make any changes to either arrangement. By purchasing... Read More »

A condominium a sinking fund to accumulate 250000 in 3 years The fund earns 9 interest pa compounded monthly If there are 200 units in the condominium how much each owner unit will payeach month?

Each unit owner will be required to pay $26.69 monthly for 3 years or 36 payments.. That amount of money will accumulate to $213,802 in those t3 years at a 9% compounded rate, or $36,198 in accumul... Read More »

What is the legal interest rate in NJ for condominium associations?

Your governing documents could specify the interest rate.

How to Figure Out CD Interest?

A Certificate of Deposit is a type of savings account which allows you to get a specified rate of return as long as you leave your money in the account for a certain period of time. While the inte... Read More »