Sorting out who’s responsible for condo damage can get tricky
Q: I have been renting out my condo for a year and a half now. Recently, sewage backed up into the finished basement — it turns out a tree root...
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Eyeing a rural property that needs a survey? Write a contingency into contract
Q: I have been looking for rural property. Many of the larger properties have never been surveyed, and I am reluctant to buy based only on the seller's (and listing...
What type of insurance does a condo owner need?
Q: My daughter rents an apartment and pays for renter's insurance. Is there something similar for condominium owners that covers the loss of personal belongings and the inside of the...
Decoding the like-kind exchange
Q: How soon after a like-kind exchange can a rental property be converted into residential use in compliance with IRS requirements? A: For readers' benefit, let me first explain "like-kind...
Unsolved title defect? Seek help from state official
Q: I purchased a town home in 2008 from a bank foreclosure. Several months after closing, a lien was filed against my house and against the previous owner. I contacted...
Before leaving condo to kids, have a conversation
Q: My wife and I own a condominium unit and wish to give it to our children. We have several children and want to make sure the property stays in...
Can unit owners videotape condo board meetings?
Q: I am a board member in a condo association. We have a quarterly meeting where all condo owners are invited. At our last meeting, one condo owner wanted to...
Must every position on a condo board be filled?
Q: Please advise if it is mandatory to have a secretary as well as a president, vice president and treasurer on a condo board. We do have a management company....
Fences don’t always demarcate property lines
Q: I just sold a townhouse I purchased back in 2001. In 2002, I learned that the wooden fencing parallel to the back of my house had been erroneously installed...
Homeowners, save those home improvement receipts
Q: My wife told me she heard that homeowners should save all the receipts for home improvements because the amount of taxable gains can be reduced further with proof of...