insurance providers offer an interactive online quote tool on their website that can be used to estimate your condo insurance premium. These tools often take in information about desired coverage, home features, and location, so it's best to be ready with all of your condo's information. If...
Whether it is an earthquake deductible or claim where an owner is responsible, if you do not have unit insurance coverage, you can still be required to pay for the strata insurance deductible or damages. Article content Tony Gioventu is executive director of the Condominium Home Owners ...
Another benefit of condo living is the shared responsibility for maintenance and repairs. As a condo owner, you are part of an HOA that oversees the upkeep of common areas. This means that the burden and cost of maintenance tasks such as landscaping, snow removal, and exterior repairs are s...
Condo insurance as a rule, like homeowners insurance, cannot be deducted on your taxes. However, if you rent the condo out to another person, you may be able to deduct the cost of your condo or landlord insurance, at least as it applies to depreciation, wear, and tear. Also, if you...
The Chesapeake LoftsCondo Associationwill reimburse the city for the cost of the lease. In making any payment relating to Common Charges, Lender may do so according to any xxxx, statement or estimate procured from the Board of Directors orCondo Associationwithout inquiry into the accuracy of such...
5. It’s possible that the bank will not approve your home loan application. This will be so hard to take if you find this out only after you’ve already paid your equity (10 to 25% of property cost). Where will you find the money to pay 75% to 90% of the total property cost...
with some participation by insurance companies for larger loans of, say, $10 million or more. More recently, securitized mortgage lenders known as ‘Wall Street-type lenders’ have participated in this space as well. Some terms required by securitized lenders, such as prepayment restrictions known...
Get Your Free Online Quote The Paint My Condo Blog How Much Does Condo Painting Cost in Toronto? PMC Team Discover the factors influencing condo painting costs in Toronto and get insights from Paint My Condo. Learn how to plan your project and stay within budget. ...
insurance they want the co-op to carry relative to the new mortgage. Insurable value is based on the cost approach and often has very little relation to the real value of the property, as it’s based on the replacement cost of building materials and techniques that may no longer be used...
9)If a subcontractor agrees to obtain general liability insurance naming the client and the general contractor as additional insureds, he must do so before any work has started. He cannot do demolition and then purchase the policy a week later. If he does, and an accident occurs, it may ...