It's essential to know the difference between condo insurance and unit insurance. It turns out that both are necessary for owners and condominium corporations to avoid incurring significant costs in the event that damages should occur.
In today's economy, everyone is looking to save money-and that includes your condominium corporation.
Common area maintenance charges, or CAM charges, are a routine aspect of commercial property maintenance and expenditure management.
While the adoption of a code of ethics is commonplace among condominium boards, many of the members who are asked to sign them may wonder whether it really makes a difference in their own behavior and actions, or in those of their fellow board members.
Condominium boards are comprised of residents who volunteer to take active responsibility for what happens within their community. However, many residents and even new board members are not exactly sure of what the board and its members and officers do. Typically, there are four officers and an odd number of board members whose responsibilities vary slightly.
Damage caused by water may easily become one of the biggest expenses you could face as a condominium owner.