South Carolina Management Agreement for Condominium Between Owners' Association and Managing Agent
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FAQ
Property regimes refer to the political, legal, and economic systems through which societies order their relationships between people with respect to valued things. Anthropologists and legal scholars have long been engaged in a dynamic dialogue about the organization and practice of property regimes.
Each co-owner, or owner of an apartment in a horizontal property regime, acquires condominium ownership, and owns his or her individual apartment, and has a common right to share, with other co-owners, in the common areas of the property.
A Horizontal Property Regime (HPR) is a zoning policy which essentially allows for two new houses to be built on a piece of land that was previously zoned for just one house.
Individuals must be 18 to be licensed as a property manager and 21 to be licensed as a property manager-in-charge.
Property management agencies in Texas are required to have an active real estate broker's license. This is because leasing and renting, which are critical components of property management, are considered real estate activities by current Texas real estate licensing laws.
A condo's management company is responsible for maintaining the property and ensuring that it is up to environmental standards, communicating with homeowners about CC&R violations, managing the condos' finances, handling questions and concerns from homeowners, obtaining and managing the condo's insurance policy and
A horizontal property regime is not the same as a planned urban development or PUD. A PUD is a large community that typically shares a common area and amenities. Typically a PUD will have 100+ individual properties and there will be a community pool, tennis court, outdoor entertainment space, and even a clubhouse.
Individuals must be 18 to be licensed as a property manager and 21 to be licensed as a property manager-in-charge.
A horizontal property regime allows units within one building to be sold and owned separately and owners of those units to own a common right in common areas of the building and property.
NO. South Carolina has a separate limited license for property managers. Real estate brokers and salespeople may also be involved in property management. Property managers must be licensed under a "property manager-in-charge" or a "broker-in-charge."