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Hear this out loud PauseThis could include structural damage, plumbing problems, electrical issues, water damage, mold growth, and other hidden hazards. It's important to thoroughly inspect any potential property before purchase to ensure it meets your needs and expectations.
Hear this out loud PauseCondo Owner Rights: The Right to Protest When board members fail to meet their fiduciary duties, condo members can remove the board members who are abusing their authority. Condo owners also have the right to protest any regulations that are discriminatory, unfair, or onerous.
Hear this out loud PauseCan I sue my HOA for negligence? Board members have certain fiduciary duties to uphold, which include the duty of care. Failure to uphold these duties can result in homeowners suing HOA for negligence. The same goes for condo associations.
Yes, condos generally appreciate in value. That's true of any piece of property?as long as it doesn't have wheels or come from a trailer park. But, if you're trying to decide between a condo or a house, keep in mind that a single-family home is usually going to grow in value faster than a condo will.
The Connecticut Common Interest Ownership Act oversees the formation, alteration, termination, sale, and management of common interest communities established after January 1, 1984. This includes homeowners associations, condominiums, and cooperatives.