Question

 If you were left a condo in a life estate can you choose not to live there and rent it out?

Answer AnswerI believe so. The life estate simply governs the ownership of the property. In other words, you can't sell it and the previous owner can't sell it until he or she dies. I believe it is intend... Read More »
http://wiki.answers.com/Q/If_you_were_left_a_condo_in_a_life_estate_can_you_choose_not_...

Top Q&A For: If you were left a condo in a life estate can y...

Can you over ride Condo bylaws and rent it out because for two years it sat vacant because you could not sell the Condo now you are renting it even though the bylaws say you cannot rent it out?

You can negotiate with the board and ask for a rental exception. You may be required to prove a 'hardship' so that the exception can be granted.It's a better idea to work with the association's off... Read More »
http://wiki.answers.com/Q/Can_you_over_ride_Condo_bylaws_and_rent_it_out_because_for_tw...

Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property. Read your governing documents and follow the guidelines there to collect the p... Read More »
http://wiki.answers.com/Q/Is_there_a_law_regarding_condo_fees_I_live_in_a_four-unit_con...

Do condo owners have to own a business to rent their condo?

In a word, no. More DetailThe association that operates the community, however, is a business, and may dictate your ability to rent, the covenants, limitations, restrictions and so forth that you m... Read More »
http://wiki.answers.com/Q/Do_condo_owners_have_to_own_a_business_to_rent_their_condo

If bought a condo but the developer continues to significantly rent units is there an out for a condo owner Is the developer responsible for a certain buyer vs renter percentage?

Read your governing documents to determine what the developer is 'allowed' to do during the 'declarant control period'. As well, determine the status of the project, so that you know what ratios ar... Read More »
http://wiki.answers.com/Q/If_bought_a_condo_but_the_developer_continues_to_significantl...


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