What is building property protection on a condominium policy?

Answer 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 »

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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 »

Is a locker or storage in a condominium a common property or limited common property?

Read your governing documents to identify which definition applies to your particular locker or storage area. There is no standard.

Is the Dakota building in NYC a condominium?

The Wikipedia entry categorizes The Dakota as a 'condominium or housing cooperative in New York City'.Read more using the link, below.