The condominium industry is facing a number of health and safety concerns.
Here are some tips to help you stay safe when you’re buying a condo.
DO NOT LOSE YOUR PLACES BEFORE YOUR SALE If you lose your home to fire, you’ll lose your condo.
But when you buy a condo, you will be required to give your condo owner a written statement that says you’ve given your property owner 24 hours notice to vacate the property or vacate it for a refund.
This is called a written demand, and you must give your condominium owner a copy of this statement.
Condominiums are considered real property, so if you lose the condo, it’s your property, and the condominium company has to pay for the damage.
DO YOUR OWN RESEARCH Before you buy, look up the city’s code of conduct for condominium owners.
This document gives owners an opportunity to research their properties, and it also provides information about the condommunity’s health and fire codes.
CHECK THE CONSTRUCTION BEFORE YOU BUY If you’re building a new condo, make sure the building is compliant with building codes.
If you can’t find any of these codes, check the building’s condition online.
DO THE CLEANING BEFORE YOU BID If you have to clean your condo, be sure to do it right.
Clean the bathrooms, kitchens, and common areas before you bid.
Condos must have their sprinklers, air filters, and smoke detectors turned on. 5.
READ THE DESIGN BEFORE YOU PURCHASE If you are considering a condominium project, read the plans to make certain the building isn’t a hazard to your family.
The plans also contain detailed information about each building and the surrounding area.
BID ON A PLACE THAT HAS A HEALTH AND SAFETY CODE IF YOUR PLACE HAS A CONDITION CODE DO NOT BID.
This may mean your condo may be more likely to have a condition code if it has a higher than average number of infractions.
If your condo has a condition codes, make certain you read and follow the plans carefully.
BILL YOUR BUILDING BEFORE YOUR BUY You can make a mistake when you bid on a condo that has a building code that isn’t in the condo’s condition codes.
You should read the condition codes carefully, because they are designed to protect people who live in the complex.
READ CAREFULLY BEFORE YOU RENT A BUILDER, BIDDER, OR CONSUMER When you buy your condo for the first time, ask your builder if there are any health and conditions issues with the building that need to be addressed before you rent the unit.
A health code will help you know if you need to look for a replacement.
TRUST YOUR BOARDING BANK When you sign a lease with your condo builder, the building must follow certain rules.
These rules help you understand the conditions that the condo owner’s boarding company has approved for your condo’s construction.
PAYING FOR DAMAGE If you damage your condo during the construction process, you must pay for any damage.
The builder has to send you a bill for the full amount, and if you do not pay, you’re responsible for the costs of the repairs.