Law Library Articles
Top 10 Condominium Articles in the LegalMatch Law Library
The modern race for real estate is not horizontal, but vertical. Condominiums are becoming more popular as real property becomes scarcer. Condominiums differ from real property in several significant ways.
LegalMatch presents its Top 10 articles on Condominium Law to help you purchase the best deal possible.
1. Lawsuits Against Homeowners’ Associations
A homeowner can sue their homeowners’ association (HOA) for several reasons. This can include a breach of their duty to the community or for discrimination. The HOA’s governing documents will outline the specific duties of the association.
2. HOA Foreclosure Defenses
If a homeowners’ association (HOA) tries to foreclose on your home, you have several possible defenses. You can argue that the HOA did not follow the proper procedures or that they charged you an incorrect amount. You can also challenge the validity of the lien against your property. Read more about your legal rights with regard to HOA foreclosure issues.
3. Special Rules for the Transfer of Timeshare Ownership
Transferring a timeshare involves more than just finding a buyer. The timeshare agreement will have specific rules about how the transfer must be handled. You may also need to pay a transfer fee to the timeshare company.
4. Redemption After HOA Foreclosure
If your home is foreclosed on by an HOA, you may have a right of redemption. This allows you to reclaim your property by paying off the debt owed to the HOA. The time limit for the right of redemption is different in every state.
5. Timeshare Purchase Cancellation or Rescission Lawyers
If you have recently purchased a timeshare, you may be able to cancel the contract. Most states have a “cooling-off” period that allows you to rescind the purchase within a few days. You must follow the cancellation procedures outlined in your contract.
6. Mandatory Insurance for Condos in Miami and Ft. Lauderdale
Condo associations in Florida are required by law to have insurance. This insurance covers the common areas and the structure of the building. Individual condo owners are responsible for insuring their own units and personal property.
7. Timeshare Lawyers
Timeshare law is a specific area of real estate law. A timeshare lawyer can help you with a variety of issues, including purchase agreements and fraud. They can also assist you if you are having trouble selling or transferring your timeshare. Read more about timeshare laws and regulations in this article.
8. Giving a Timeshare Away
Giving away a timeshare can be a difficult process. The timeshare agreement may have restrictions on transfers. You may also be responsible for paying transfer fees and the annual maintenance fees until the transfer is complete.
9. Condominium Insurance Lawyers
Condo owners need two types of insurance. The condo association has a master policy that covers the building and common areas. Individual owners need their own policy to cover their personal belongings and the interior of their unit.
10. CCR Lawyers
Covenants, Conditions, and Restrictions (CC&Rs) are the rules that govern a planned community. These rules can cover everything from the color you can paint your house to where you can park your car. An HOA is responsible for enforcing the CC&Rs.
