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For condo owners, understanding what type of coverage the association provides on its master policy may be vital. Think of condo insurance and HOA insurance coverage as a puzzle; you likely need ...
A condo or co-op master policy rarely provides coverage for personal belongings, so you want to make sure you have enough coverage on your own insurance.
Here's what your Florida condominium association insurance master policy covers versus your own HO-6 policy.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
An owner of a single-family home, condominium, or multi-family building may engage the services of a professional property management company. The company will then advertise the rental property, handle tenant inquiries, screen applicants, select suitable candidates, draw up a lease agreement, conduct a move-in inspection, move the tenant(s ...
When there are 10 HOAs, but one master, who's in charge of what? Homeowners confused over the rules regulating these boards; legal expert explains
Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.