Outsmarting the law and keeping your condo

A lot of you are outraged about a law that allows you to be booted from your condo, even if you paid in full. It’s called the “termination of condominium” statute.  Investors can buy up units, become majority owners and then force the rest to sell at their appraiser’s value.  Investors do this because they want to turn the condos into apartments.  So what can you do?

Editor

Recent Posts

Laredo leaders address concerns over HOAs with new lawn watering rules (TX)

City Council adopted an ordinance for homeowners who may deal with strict restrictions by Home…

22 hours ago

Comment: Condo owners face steep costs for potential future electrical needs (BC)

Condo owners who have water and heat provided by electricity, and no intention of adding…

23 hours ago

When condo board moves to ditch tiled balconies in favor of concrete, do owners get vote? (FL)

Question: I live in a 65-unit condominium which is currently undergoing a seven-figure concrete restoration…

23 hours ago

Condo owners facing large repair bill (ON)

Condo owners in Kanata are facing thousands of dollars in repair bills   Video news report..........................

23 hours ago

Condo Smarts: Recycling issue can be decided by council vote (BC)

Dear Tony: Does the strata council require the approval of the owners at a general…

23 hours ago

Bear pictured in Charlotte neighborhood prompts alert. ‘All neighbors, be aware.’ (NC)

ACharlotte homeowners association issued an alert Friday after a bear visited its wooded neighborhood near…

2 days ago