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

Answer 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 »

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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 are the difference between condo house rules and bylaws?

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 »

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 »

What is the maximum amount that a condo association or homeowner's association can recover via Florida's super lien statute and does it vary between HOAs and condo associations?

You have asked a complex and interesting question. It is difficult to find much information on "Super Liens" in Florida. The following is general information only and should not be construed as leg... Read More »