[Alberta's Child]

I’ve worked with clients on condominium projects in several states, and I’ve learned that condominium law has some peculiar nuances that sometimes result in strange, costly, and even unfortunate circumstances.

There are three important considerations for any owner in a condominium arrangement:

1. When you buy a condominium, you are surrendering much of the control over your property to a governing body comprised of your fellow owners.

2. Condominium boards don’t have a lot of discretion in their actions. They are obligated to follow the law even when it involves costly expenditures for the association’s common elements.

3. The association’s insurance carrier has far more influence over a condo board’s decisions than it does over independent homeowners. Unlike the owner of a detached home, a condo board has a fiduciary duty to the owners that require it to carry out certain duties that may be unpopular and/or costly.

[xoxox]

They didn’t see themselves quite so obliged before hand, it seems.

[dragnet2]

“”When you buy a condominium, you are surrendering much of the control over your property to a governing body””

That is just one reason I would never buy a condo.