Condo Living
Hiring outside professionals to assess the systems and structure of a condominium is often scoffed at by HOAs because of the expense. It’s as shortsighted as complaining about the cost of toothpaste. Condominiums are larger and definitely more complex than single-family homes. It’s negligent not to have plans in place that understand the current condition…
Just last month we reported on a lawsuit involving Preston Tower and now it’s been uncovered that another Pink Wall condominium is reeling from at least three lawsuits filed by recent buyers against their HOA, the prior owners, and managing agent Intercity Investments (also named in the Preston Tower suit and a third that was…
About a week ago I wrote about a lawsuit filed by an owner at Preston Tower against the HOA and Intercity Investments (ICI). The case came about after a catastrophic flood in the building resulting from a blown water booster pump on the penthouse level that sent water cascading throughout the building. It was decided…
Do homeowners’ associations (HOAs) have the ability or right to hold their buildings blameless when an accident occurs that the building is admittedly responsible for? At first blush, I’d have thought that they were on the hook. After all, part of what homeowners pay in HOA dues goes towards funding large insurance policies for just…
Multigenerational living is a big buzzword in the housing market, as Baby Boomers move in with their kids, adult children move in with their parents, and everyone figures out how to live together harmoniously. But in the world of condos, that’s rarely the situation. Most condo buildings seem to have a demographic they attract, and…
