Some of the more overlooked changes to the laws affecting condominium and homeowners’ associations that were enacted by the 2010 legislature were the new privacy rights given to members and employees of associations. For condominium associations, the following information about unit owners in the possession of the association are not accessible to unit owners: “Medical …
Author Archives: Administrator
Housing Distress Pits Neighbor Against Neighbor
Few things agitate Sid Schulman, who often shoots the breeze with other retirees and flirts with women friends at their condominium complex here. But it galls him when neighbors stop paying their mortgages and maintenance fees, and leave the cost of community upkeep to others. "I am paying for these guys," said the 75-year-old sitting …
Continue reading “Housing Distress Pits Neighbor Against Neighbor”
When land is worth more than a home
When land is worth more than a home A couple of years ago, Carl and Susanne Wise’s house on Camino Real in South Sarasota was assessed at nearly $1 million. Then it disappeared. The Wises bought a new home, and in this market the rent they could charge did not cover the expenses of the …
Real estate: Candy Spelling gets $12-million price break on new penthouse
Real estate: Candy Spelling gets $12-million price break on new penthouse Candy Spelling’s long-pending purchase of a two-story penthouse condominium in Century City closed Wednesday at a reduced price that still made it one of the most expensive deals ever for a Los Angeles condo.The widow of TV mogul Aaron Spelling paid $35 million — …
Continue reading “Real estate: Candy Spelling gets $12-million price break on new penthouse”
Property managers make money off condos’ insurance
Your property management company may be making money off your condo association’s insurance policy. Some say that’s a conflict of interest because management companies also help associations pick their insurance. "Referrals should be based on good service only and not financial incentives," wrote Jerri Franz, a spokeswoman for the Department of Financial Services. On Monday, …
Continue reading “Property managers make money off condos’ insurance”
Family’s gift to aging parents: a condo
The yard work and upkeep Joan and Bob Ebaugh used to enjoy at their Palm Bay home started to become chores they couldn’t keep up with. Hiring people to take care of the lawn was becoming a financial burden, and Bob Ebaugh’s bad knee made household jobs even more difficult. But trying to sell the …