D.M. from Connecticut writes: Dear Mister Condo, We have a small Planned Unit Development (PUD) community of free-standing homes and our declaration refers to ownership as “studs in”. Can you tell me what exactly I am buying if I purchase a home and whether I will need condo insurance or regular homeowners I insurance? Mister Condo…
Tag: Buying
Developer Defaults on Mortgage on Land Beneath Condominium
K.W. from New London County, Connecticut writes: Dear Mister Condo, My daughter owns a condo in a small development, there is only one building with 4 units which she bought less than 2 years ago. Two other units have also recently sold within the last year. My daughter recently received a letter from a Real…
Buying and Converting a 2-Unit Condo to a Duplex Home
M.H. from Middlesex county, Massachusetts writes: Dear Mister Condo, We own a condo in a two-condo unit house and the family below us is selling their unit. We’d like to buy that unit as a rental property but also to protect us against a bad condo relationship with any new buyers. We’d also like control…
Condo Dock Assumed to Be Owned by Unit Owner
W.W. from Pinellas County, Florida writes: Dear Mister Condo, We own the center unit of a 3-unit condominium property. There is a dock that extends at the end of our property. The other owners have told us that we are the only ones who can build, actually rebuild the lift. The pilings and electric are…