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Old 10-30-2011, 06:00 PM
 
Location: The Triad (NC)
28,484 posts, read 62,084,629 times
Reputation: 32141

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Quote:
Originally Posted by Curmudgeon View Post
And correct me if I'm wrong (may also be regional) but you may "own" the structure but you don't own the land it's built on.
In FL, where my folks had a place I sold after they passed, it was explained to me that unit ownership begins at the level of paint and carpeting. That the walls ceilings floors etc., in essence all aspects of the structure, belonged to the Condo Ass'n.

hth
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Old 10-30-2011, 06:24 PM
 
Location: SW MO
23,605 posts, read 31,467,321 times
Reputation: 29071
Quote:
Originally Posted by MrRational View Post
In FL, where my folks had a place I sold after they passed, it was explained to me that unit ownership begins at the level of paint and carpeting. That the walls ceilings floors etc., in essence all aspects of the structure, belonged to the Condo Ass'n.

hth
Actually, that makes sense. You certainly can't take the structure with you.

That would not give me a sense of ownership, permanence or belonging but I recognize that many feel otherwise.

Of course, ask me again when I'm 80.
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Old 10-31-2011, 12:56 PM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,920,408 times
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Quote:
Originally Posted by MrRational View Post
In FL, where my folks had a place I sold after they passed, it was explained to me that unit ownership begins at the level of paint and carpeting. That the walls ceilings floors etc., in essence all aspects of the structure, belonged to the Condo Ass'n.

hth
The Florida legislature tends to change the law in this area every 5 or 10 years or so. So it pays to look up the current law when you have an issue that involves this statute (like whether your insurance company or the condo's insurance policy covers a particular loss). Robyn
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Old 10-31-2011, 02:12 PM
 
Location: The Triad (NC)
28,484 posts, read 62,084,629 times
Reputation: 32141
Quote:
Originally Posted by Robyn55 View Post
The Florida legislature tends to change the law in this area every 5 or 10 years or so.
So it pays to look up the current law...
No doubt; and that wisdom is good to remember as it applies to many things.
This deal will count as my first and last direct experience with Condo's or HOA's. tyvm.
They just aren't for me.
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Old 11-04-2011, 01:20 PM
 
Location: Lexington, SC
4,281 posts, read 10,728,968 times
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Quote:
Originally Posted by MrRational View Post
No doubt; and that wisdom is good to remember as it applies to many things.
This deal will count as my first and last direct experience with Condo's or HOA's. tyvm.
They just aren't for me.
HOA's, Condo Associations, etc. are not for all but many quite enjoy living like that, myself included. I have tired it all from a private home on acres of land to a small two bedroom condo.

I presently own (live in) a small, stand alone, patio home, HOA controlled, and so far, it is the best living style of them all.
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Old 11-04-2011, 01:55 PM
 
Location: The Triad (NC)
28,484 posts, read 62,084,629 times
Reputation: 32141
Quote:
Originally Posted by accufitgolf View Post
I presently own (live in) a small, stand alone, patio home, HOA controlled, and so far, it is the best living style of them all.
I'm sincerely pleased that you are happy with your arrangement.
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Old 11-04-2011, 03:26 PM
 
Location: Earth Wanderer, longing for the stars.
12,408 posts, read 16,471,196 times
Reputation: 8776
Quote:
Originally Posted by accufitgolf View Post
Not to split hairs and some might be legal hairs, but to me:

A condo indicates a unit in multi level builiding similiar to an apartment building.

A townhouse/duplex means to me no unit in front, behind, above, nor below you but could have unit(s) beside you sharing a common wall.

Anything not meeting the above criteria are stand alone homes no matter the size meaning no one ajoining you, no matter how close and in some cases only a few feet.

Not an issue and a best a clarification on my understanding. I have lived in all 3 types.
My understanding is 'coop' and 'condo' are financial/legal arrangements only carrying no implication with them of the physical type of dwelling.
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Old 11-04-2011, 03:30 PM
 
6,989 posts, read 6,981,700 times
Reputation: 5792
Default Wonderful!

Quote:
Originally Posted by newenglandgirl View Post
I relate to this. Owning your place, with no or few trees, little lawn, very short driveway, all one floor, tight in terms of energy, easy siding (nothing to stain), etc...makes really good sense. In all climates.
This sounds heavenly. If only we could sell the large 2 story home with basement we now own and move to a one-story place.

But there's still so much work to be done to get it sale ready...
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Old 11-04-2011, 07:21 PM
 
Location: Near a river
16,042 posts, read 18,967,079 times
Reputation: 15649
Quote:
Originally Posted by staywarm2 View Post
This sounds heavenly. If only we could sell the large 2 story home with basement we now own and move to a one-story place.

But there's still so much work to be done to get it sale ready...
If only I knew where I wanted to rent after owning a house (money pit), I could make a plan. The problem is, I don't.
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Old 11-04-2011, 08:09 PM
 
Location: SW MO
23,605 posts, read 31,467,321 times
Reputation: 29071
Quote:
Originally Posted by newenglandgirl View Post
If only I knew where I wanted to rent after owning a house (money pit), I could make a plan. The problem is, I don't.
Only one way to find out. Hit the road!
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