What is a condominium property?

Answer This phrase applies to all the real estate assets owned by the condominium association. A condominium property can refer to any real property that has been dedicated to function as a condominium un... Read More »

Top Q&A For: What is a condominium property

You are separated if you purchase a condominium with your own earnings will the condominium be considered marital property?

Any answer must depend on the marital property laws in the state where you live/ claim residence, and any property agreements made in your separation documents.Your lawyer will give you a correct a... Read More »

Do condominium owners have to have insurance in accordance with the Illinois condominium property act?

If the Illinois Condominium Property Act says that you **shall** have insurance -- not **may** -- and lays out specific terms and conditions, you are strongly urged to obey the law. In the case of ... Read More »

What is are issue in condominium property?

Your question reads as though you want a definition of the word 'issue'. Please read your governing documents to explore that definition.If you have a more specific question, please ask it.

What is building property protection on a condominium policy?

Your broker can help you understand the extent of coverage under your association's master insurance policy. There is no standard among insurance vendors. Usually, 'building property' includes all ... Read More »