QUESTIONS ABOUT CONDOS, TOWN HOMES, AND APARTMENTS.
Read these questions, and decide on the best answer as you think they are correct at this moment!
1.If I live in and own a Condo, and the faucet needs repair in the bathroom, the association will have to pay.
True or False – Depends!
2.If I live in and own a Town Home, and the faucet needs repair in the bathroom, the association will have to pay.
True or False – Depends!
3.If I live in an apartment, and the faucet needs repair in the bathroom, the owner will have to pay.
True or False – Depends!
4.If I live in and own a Town Home, and the furnace needs to be replaced, the association will have to pay.
True or False – Depends!
5.If I live in and own a Condo, and the furnace needs to be replaced, the association will have to pay.
True or False – Depends!
6.If I live in an apartment, and the furnace needs to be replaced, the owner will have to pay
True or False
7.If I live in and own a Town Home, The association will take care of the roof on my unit should it need to be replaced?
True or False – Depends!
8If I live in and own a Condo, the association will take care of the roof on my unit should it need to be replaced?
True or False – Depends!
9.If I live in an apartment, the owner will take care of the roof on my unit should it need to be replaced?
True or False
10.If I live in a Condo, the association will take care of all snow removal, no mater how much snow falls or what needs to be shoveled.
True or False – Depends!
11.If I live in a Town Home, the association will taken care of all snow removal, no mater how much snow falls.
True or False – Depends!
12.If I live in an apartment, the owner will take care of all snow removal, no mater how much snow falls.
True or False
13.If I live in a Town Home, I can plant trees, bushes, shrubs and flowers around my Town Home.
True or False – Depends!
14.If I live in a Town Home, I can feed the birds, change the screen doors on my place and paint the shutters any color I want.
True or False
15.If I live in a Condo or Town Home, I can cut holes in the ceiling and/or walls for my surround sound speakers for my home entertainment system.
True or False
16.If I live in a Condo or Town Home, the association rules may limit the number of guests I have visiting me at any one time (or using the pool etc. at one time)?
True or False
17.If I live in a Condo or Town Home, the association may require me to pay an assessment on units or buildings that are older than mine, needing more repair than the unit I am in, but is a part of the association, therefore, I will have to pay.
True or False
18.When I move in to a Condo or Town Home, there is no need for me to be concerned about the quality of windows, shingles and other mechanical equipment installed when the units were built. If they need replacement, the association will take care of the costs of replacement.
True or False – Depends!
19.When I move in to a Condo or Town Home, the amount of money that is in reserve for major maintenance such as streets, parking lots, pools, roofs, siding, etc. should be of little interest to me as a buyer.
True or False – Depends!
20.When I move in to a Condo or Town Home, the rules and regulations are for the benefit of all of the owners, and as a part of the association; I will abide by all of the rules, never challenge the rules, and will help enforce the rules as outlined by the association.
True or False