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Recent Condominium questions

Can a Condo Board limit the number of units (e.g. by

Can a Condo Board limit the number of units (e.g. by percentage) that can be rented in a condo building?JA: Because real estate law varies from place to place, can you tell me what state the association is in?Customer: Ontario CanadaJA: Has anything been filed or reported?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: What constitutes a rental; e.g. if a child buys the unit for his parents who then pay the common fees while the owner covers items like the costs of special assessments

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KJL LAW

Juris Doctorate

1,972 satisfied customers
In January we purchased a condominium at a foreclosure sale

In January we purchased a condominium at a foreclosure sale in California, and subsequently recorded the Trustees Deed upon Sale in our names. In doing our due diligence prior to the sale, we had found that the prior owner had substantial delinquent HOA dues, and that the Association had filed a lien back in July. The first mortgage was foreclosed when we were high bidders, and we subsequently recorded the Trustees Deed upon Sale. My understanding is that since California is not a "super lien" state, The HOA lien as well as the small second mortgage were cleared from title, and the only recourse for the HOA to recover the debt would be to go after the prior owner.JA: Since laws vary from place to place, what state is this in? And has any paperwork been filed?Customer: CaliforniaJA: Has any paperwork been filed?Customer: what kind of paperwork?JA: Anything else you want the lawyer to know before I connect you?Customer: we think the HOA is under the impression that we are responsible for almost five years of past dues.Our understanding is that we owe from the day we took title only

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

51,236 satisfied customers
Can I have pet for depression companion in apartment that

can I have pet for depression companion in apartment that does not allow pet?JA: Where is the property located?Customer: Los Angle, CAJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: My daughter got 60 days notice from apartment manager to move out. Because she got a cat.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

51,236 satisfied customers
Do I speak to a realty lawyer regarding our condominium

Do I speak to a realty lawyer regarding our condominium board. If not, would you be able to recommend who I should speak with.JA: Where is the property located? I am Pearl, the Real Estate Lawyer's Assistant.Customer: In MississaugaJA: Has any paperwork been filed?Customer: No. This all relates to information from our annual meeting last year. I was on the board myself for 10 years, 5 years as secretary and 5 years as treasurer. I know they are hiding money buy not being honest and they have lied. SueJA: Anything else you want the lawyer to know before I connect you?Customer: Can I request a detailed summary of all expenses spent over the previous year?

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Irwin Law

Juris Doctor JD

9,514 satisfied customers
Does florida condo law permit the hoa to change their by

Does florida condo law permit the hoa to change their by laws to allow residents to "transfer" their assigned limited common area parking space to a different condo. Previously the bylaws stated these spaces r attached to the original condo when bought from the developer. What is the difference between "transfer" and "sell "

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legalgems

Juris Doctorate

16,360 satisfied customers
My wife and I bought a condominium for our daughter in 2016.

My wife and I bought a condominium for our daughter in 2016. The title has my daughter's name first, with me and my wife second. It is a JTWROS deed. We are paying for the condo and also made the real estate tax payments for 2016.My question is how does this affect my 2016 income taxes? Does this trigger a gift tax reporting requirement? Can any of us take a deduction for the interest and real estate taxes on the condo?Robert Merkle

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legalgems

Juris Doctorate

16,360 satisfied customers
Example: I work as a Limousine Driver,I have an S

Example:I work as a Limousine Driver,I have an S Corporation,where Im the sole owner.In Chicago,IllinoisI would like to buy a property,a condominium,as a primary residence,Cash.Buy I would like to Buy it on My S-Corporation name.Would this be ok?Or should I just create another S -Corp for this purchase,so that I don't mix the Limo business with the Real estate property?So I will be the primary resident;I don't want any surprises regarding capital gains,if I sell it after 2 years,for example...since it wont be in my personal name.Are there any advantages/disadvantages from buying on my personal name vs my S_Corp name?

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3,852 satisfied customers
Condominium inc taken over by a new management who hired a

Condominium inc taken over by a new management who hired a firm to represent them in retrieving late fees and assessment fees greater than 5 yrs ago. I was told $ 1,100 initially now reduced to $700 that includes their legal fees? I have bank statement as far back as sept 2010JA: Where is the property located?Customer: Silver Spring MDJA: Has any paperwork been filed?Customer: not yetJA: Anything else you want the lawyer to know before I connect you?Customer: prior firm must have been sleeping for the last 5-7 yrs

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Attyadvisor

Doctoral Degree

8,128 satisfied customers
The condominium documents for the pre-sale construction unit

The condominium documents for the pre-sale construction unit in Miami have been updated. The newsletter says "at any time we update the condominium documents, you must be advised that if any of the changes material alter or modify the offering in a manner which is adverse to you, you shall have a 15-day voidability period". We would love to get out of the commitment. Is this possible?JA: Where is the property located?Customer: Miami, FLJA: Has any paperwork been filed?Customer: yes, contract executedJA: Anything else you want the lawyer to know before I connect you?Customer: no, thank you

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Loren

Juris Doctor

41,366 satisfied customers
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