As a real estate agent or appraiser, you’ll encounter apartment law alongside other legal fields like rental law, neighbor law, and administrative law. How do these interact, and why is it essential to understand their impact? Key Legal Areas and Their Influence Why is this important for agents? Practical Tips
Sometimes, an apartment is used in a way that doesn’t align with the deed of division—such as a residential unit being rented as office space. What are the consequences, and how can agents handle this? What Does the Deed of Division Say? The deed specifies which parts of the building are common and how private…
Homeowners’ Associations (HOAs) must meet legal obligations regarding maintenance and financial health. As an agent or appraiser, knowing if an HOA complies is crucial, as it affects an apartment’s marketability and value. What Legal Requirements Must HOAs Meet? How to Verify Compliance Why Does This Matter? Non-compliant HOAs pose risks: Practical Tip If an HOA…
