What are the difference between condo house rules and bylaws?

Answer Condominium communities -- private democracies, really -- operate the business of the community by way of governing documents. Typically, the list includes: Covenants, Conditions, Restrictions and ... Read More »

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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 »

What is the difference between an co-op and a condo?

In a condominium, you hold title to your unit and own real estate in common with all other owners. In a co-op, you own shares in a corporation and are assigned a unit to which you do not hold clear... Read More »

What is the difference between a condo and a coop?

When you purchase a condominium, you purchase a unit, plus ownership of common areas that you own with all the other unit owners. A lender will give you a loan, based on your ownership title to thi... Read More »

What is the difference between betterments and improvements and additions and alterations in a condo policy?

When buying insurance, it is key that you get an explanation, preferably in writing, from a broker when/if the policy uses any of these terms, to satisfy yourself that you're buying the coverage yo... Read More »