What are pitfalls of Condominium Associations?

Answer All condominium associations are led by boards of directors, because the association is a corporation.Some board members -- and too many owners -- fail to read the governing documents established t... Read More »

Top Q&A For: What are pitfalls of Condominium Associations

How many condominium associations are in the USA?

According to Community Associations Institute, the latest number available, for 2009, indicates that there are 60.1 million residents in 24.4 million housing units located in 305 association-govern... Read More »

Do condominium associations need workers comp?

Answer Check your state laws, all states are different when it comes to worker's comp regulations.

Who regulates Maryland condominium associations?

Generally located in a jointly owned apartment building, a condominium is individually owned and participates in the maintenance of the building as a whole. Condominium associations in Maryland are... Read More »

Do Condominium associations have to have A Board of directors?

Yes, many (and maybe all) condominium associations have boards of directors. This style of real estate ownership -- an association -- is a business. The business is properly registered with the Sec... Read More »