Question

 What is the acceptable owner to renter percentage in an 18 unit condo building?

Answer The ratio you mention can be a key factor considered by a bank in lending money to a prospective owner.A building with too many renters may appear to the banker like a building with too high a risk... Read More »
http://wiki.answers.com/Q/What_is_the_acceptable_owner_to_renter_percentage_in_an_18_un...

Top Q&A For: What is the acceptable owner to renter percenta...

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...

How do you convert a 33 unit rental condo building to an owner occupied 50 and older retirement condo complex?

Your terminology in the question is confusing: either your building is a rental building, or it's a condominium building. Each presents different challenges for conversion. If your building is a r... Read More »
http://wiki.answers.com/Q/How_do_you_convert_a_33_unit_rental_condo_building_to_an_owne...

Is the owner of a condo unit responsible for water damages from a leak in his unit to a unit below?

Only if the owner above was negligent somehow. A pipe simply bursting suddenly and without warning would not trigger any liability of the unitowner. However, if the unitowner above was filling his... Read More »
http://wiki.answers.com/Q/Is_the_owner_of_a_condo_unit_responsible_for_water_damages_fr...

What is the liability of a condo owner with a cockroach infestation that spills over into the unit of another owner?

In this situation, it's a good idea to work with the board to determine the extent of the infestation, since these animals are likely to spread throughout the building. In most locales, it's diffic... Read More »
http://wiki.answers.com/Q/What_is_the_liability_of_a_condo_owner_with_a_cockroach_infes...


feedback
loading