As real estate agents representing buyers of condos, stock cooperatives, tenancy-in-common shares, or similar properties, we have a duty to help our clients understand the obligations, assumptions, and health of the governing body, typically called the homeowner’s association (HOA). Reviewing the hundreds of pages of documents given to buyers during due diligence can be overwhelming and […]

What Exactly Is a Condominium Anyway?  Strictly defined a condominium (condo) is a privately owned individual unit within a community of other units. In general, the owner usually owns the interior of their condo from the walls in. Owners also jointly own shared common areas within the community, such as pools, garages, elevators, and outside […]