Building Precedents (and Lack Thereof) “If it exists, it’s possible.” –Unknown “If it doesn’t [already] exist . . . it probably isn’t [possible].” –Corollary, Ross Kaplan I am handling not one but two deals at the moment involving Common Interest Communities (“CIC’s”), otherwise known as Condo or Townhome Associations. In both deals, I am representing Buyers...Read More
Unrealistic Buyers, Exhibit A; or “The Contract for Deed Catch-22” I fielded a Web lead the other day from a very nice gentleman looking for a larger (over 2,000 FSF) town home near the lakes in move-in condition. For under $250k. Where the town home association rules allow an 80 pound dog (he had one)....Read More
Common Interest Community (“CIC”) Rules & Reg’s Test your knowledge of Common Interest Communities — typically associated with condo’s and town homes — and answer the following multiple choice question: Which of the following is most likely to be a deal breaker in the sale of a condo or town home? A. No fireplace —...Read More
