How Much A condo Association is Worth
Well worth the future of your home and the many others who share the condominium with you for the association that manages or the developer should they have signed a contract to do so has the makings of a good or rather bad living space. Condos are normally sold under a master title and the rights that the owner gets is a sort of lease that can be sold provided it is allowed in the contract. The building is built by the builder then as the unit owners move in, the contractor/builder finishes the building and obtains a document that signifies the satisfactory completin of their job. They then turn over the rights of management to the condo homeowners association who manages everything, security, maintenance, and everything else under the condo that needs attention. Remember, you might own the condo unit or the rights to use that condo unit and the other amenitites that are stipulated within the contract but without a proper management infrastructure, a condo can turn into a mess in no time at all.