If you purchase a condo in Revere, Lynn, or surrounding areas, you will probably also be responsible for paying condo association/homeowners’ association fees. These fees are mandatory, are set at the discretion of the condo association, and are non-negotiable. Designed to pay for property maintenance and upkeep, as well as repairs and insurance, condo association fees are standard. If a person doesn’t pay their condo association fees, they can be penalized as such. The following considers the rights that condo associations have to recover payments when unit owners are delinquent.
Those who own a condo for commercial or residential purposes are often obligated to pay condominium association fees. These fees are standard, and typically cover the costs of repair to the property, maintenance, insurance, perhaps water and sewer and property upkeep. The fee amount varies depending upon the property, and may increase on an annual basis.
Many people hold beliefs that properties where certain events have occurred are haunted, bad luck, strange or scary, or otherwise have a negative aura. These properties include, but are not limited to, properties where a death has occurred within the home, properties where pets are buried in the yard, or properties where certain crimes have been committed. For some homeowners and homebuyers living in the Boston area, purchasing a home that is “psychologically impacted” is not desirable. As such, the question is: Does the seller of a home that is psychologically impacted have a duty to disclose the psychological impact?
In Massachusetts, working with a real estate closing lawyer during the closing process is a legal requirement. And if you are buying a multi-family home, you will surely want an experienced legal professional on your side – the home buying process can be complicated, and an attorney can catch any major problems before it’s too late. If you are purchasing or selling a multi-family home, contact Revere real estate lawyer Deborah Gold-Alexander, Attorney at Law for a free case consultation today.
For those who are under contract on a new home or property, closing day is a highly anticipated event. While you probably know that you get the keys after closing, most buyers are not sure what to expect otherwise. This brief guide provides an overview of what happens at the closing table, and how an experienced Boston real estate attorney can help: