April 1, 2008
Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
Condominium Documents…Important.Important. Important.
These are the documents you read and know well. Not the documents you read some night when you can’t go to sleep. How important are they? Here’s the quiz:
Can you park your boat and trailer overnight?
Does the association draw interest on its reserve account?What are the restrictions on children?Are pets allowed? How many and is there a weight limit?May I replace my pet if he/she dies?Or these scenarios:
The Greens are avid gardeners. They find a lovely condo with an enclosed patio perfect for a small garden. After moving in they discover the by-laws strictly limit the type of plants that can be grown because of allergy problems of many of their neighbors. Or
The Smiths buy into a co-op building and they plan to spend the summer with their grandchildren in Florida and sublet their unit while they are gone. The by-laws do not permit this arrangement.In addition to these restrictions, the by-laws may prevent owners from making unauthorized alterations, and from using units for business purposes.
Every Tuesday, our podcast and blog will talk about some of the fine points. On our website www.CondoCanDo we will be publishing Typical Condo docs for your amusement, amazement and need to read lists.
Check in to the website. We have a monthly calendar noting daily subjects and features. Our effort to have a more cohesive schedule. If you have suggestions, questions, please let us hear from you.
Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
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