Condominium Association Rules2213107
Condominiums make for wonderful living options for homeowners who are reluctant to bear the high maintenance costs which are usually associated with individual "houses". When you are buying a LIV @ MB Showroom you might be actually buying a particular unit of your complex that is home to a number of other condos (or condominiums) and you're simply free to do anything whatsoever within the four walls of the rooms. You also get to enjoy facilities like gyms, pools, lawns, gardens and roofs however you have to understand that they (these facilities) are shared by all the residents of the complex. There is a strict legal framework managing the usage of the shared section of the property plus you've got to pay a regular monthly fee for regular maintenance of these spaces.
A couple of rules and regulations which each potential condo buyer should know
The monthly or semi-annual or annual fee which you will be paying for your shared property will be determined by the size the unit of you. The association or the collection fee being paid by you is used for the upkeep of
-Pool maintenance -Lawn services -Trash removal services -Club house maintenance -Exterior repairs -Maintenance of roads The condominium association plays a key role in establishing the laws and by-laws which can be recorded using the local land office (details provided with the unit division). As soon as you decide to buy one in the complex you will be clearly informed about the owners' as well as the association's responsibilities with regards to maintenance and repair work. As an example, while homeowner's are accountable for their own patio space the association is responsible for the maintenance with the gym.
Condominium associations are legal entities and thus enjoy the to impose fines on members who flout the kind of norms governing the condo management. Once you start living in a condo you then become a member of a residential district. Just as a community is governed by a set of laws aimed at preserving societal harmony same with a condo. So, make sure that you are buying a condominium, keeping these points in mind.
What can you do?
If you're willing to buy a condo (like the botanique at bartley) soon then we would suggest that you take a seat with an attorney to review the laws and bylaws governing the particular bit of property you would like to buy. It really is unwise to purchase a condominium without understanding relevant regulations and rules.
One of the biggest factors influencing your choice to buy a flat would be its location. You'd definitely want something is well linked to the popular means of transport and is also in proximity to varsities, hospitals and malls. For example a condominium near bartley mrt would be higher on your own preference list rather than some remotely located housing association.
Maintain the location in your mind while buying a condo. Maintain the rules and regulations in mind too! Best of luck with your search!
