Large condominium associations - food for thought / pros and cons

  • Erstellt am 2022-01-06 16:44:19

Chloe83

2022-01-06 19:37:30
  • #1

The apartment is already finished and not still under construction? If so, then take a look at the resolution collection (all the minutes from the recent owners' meetings). There you can get a pretty good idea of what is going on in the HOA.
Otherwise, much depends on the property manager. There are capable ones, but even more incapable ones.
The more parties involved, the greater the potential for conflict. I often mention the unflattened boxes in the overflowing paper bin... a classic in almost every HOA. Such things shouldn't bother you.
 

Worrier84

2022-01-06 19:42:50
  • #2
So, I’m interested, for example, in the voting distribution; currently it states: "the condominium owners’ meeting is quorate if more than half of the existing condominium owners as well as more than half of the co-ownership shares are represented." There was an update in 2020, and this is the "old version." Therefore, I’m interested in which divergent regulations are permitted. I have to look that up. So far, it reads quite normally. I just don’t want to be "kicked out" for "costs" by some dumb investor in 20-30 years, for example. It’s a new building.
 

WilderSueden

2022-01-06 20:37:01
  • #3
Investors are only a problem if there is one owner who has almost all the apartments. No investor comes and buys apartments from 15 people in one building. Much too complicated. In a building of that size, you are either dealing with owner-occupiers or small private landlords.
 

Benutzer200

2022-01-06 21:07:28
  • #4


This is the only correct version as of 01.12.2020. Deviations, as far as I know, are not possible through the declaration of division either.
 

11ant

2022-01-06 21:35:19
  • #5
Mostly, but not necessarily. Oh, in a small town, they quite often come together at just three banks. They know the real estate agents, and it goes smoothly and quietly.
 

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