Condominium Association Rules2199136

Condominiums alllow for wonderful living choices for homeowners who are unwilling to bear the high maintenance costs which can be usually associated with individual "houses". If you are buying a LIV @ MB Showflat you are actually buying a particular unit of a complex which is home to other condos (or condominiums) and you are free to do just about anything within the four walls of the rooms. You also get to enjoy facilities like gyms, pools, lawns, gardens and roofs however you have to keep in mind that they (these facilities) are shared by every one of the residents of the same complex. There exists a strict legal framework managing the usage of the shared area of the property and you've got to pay a regular monthly fee for regular maintenance of these spaces.

A few rules and regulations which each and every potential condo buyer should become aware of

The monthly or semi-annual or annual fee that you will be paying for that shared property is determined by the size of the unit of you. The association or the collection fee being paid on your side is used for your upkeep of

-Pool maintenance -Lawn services -Trash removal services -Club house maintenance -Exterior repairs -Maintenance of roads The condominium association plays an integral role in establishing the laws and by-laws which can be recorded with all the local land office (details provided with the unit division). As soon as you decide to buy a unit in the complex you'll be clearly made aware of the owners' and the association's responsibilities in terms of maintenance and repair work. For example, while homeowner's are responsible for their own patio space the association is in charge of the maintenance with the gym.

Condominium associations are legal entities and as such enjoy the to impose fines on members who flout the kind of norms managing the condo management. Once you start living in a condo you feel a member of a residential area. Just as a community is governed by a set of laws aimed at preserving societal harmony same goes with a condo. So, ensure that you are buying a condominium, keeping these points in mind.

What can you do?

If you're willing to purchase a condo (such as the botanique at bartley) in the near future then we indicate that you sit down with an attorney to examine the laws and bylaws managing the particular bit of property you want to buy. It really is unwise to purchase a condominium without understanding relevant regulations and rules.

One of the biggest factors influencing your decision to buy an apartment would be its location. You would definitely want something is well linked to the popular method of transport and is also in proximity to colleges, hospitals and malls. For example a condominium near bartley mrt would be higher in your preference list instead of some remotely located housing association.

Keep your location in mind while buying a condo. Maintain the rules and regulations in your mind too! Best of luck with your search!