What is the difference between a condo association and a Homeowner's Association (HOA?) A Condominium Association (also known as a Condo Association,) is an association of owners usually in a building or multiple buildings divided up into separate homes. The owners of the condo units generally own their individual unit as well as shares in [...]
The Maryland Real Estate Commission has made a new decision on the HOA or Condo Document Cancellation of Contract deposit rules and shared that change on August 23, 2010. In the past, if a buyer canceled their contract of sale due to an issue with the Homeowners Association Documents or Condominium Association Documents, both the [...]
Beginning June 1, 2009, Maryland Law HB287, approved by the Governor May 19, went into effect. The bill discusses Real Property Condominiums -- Damage and Destruction. Here is a copy of the bill . What this means for the Towson condo owner is that before this bill, condominium associations, for the most part, were responsible for [...]