Home prices in Revere, Lynn and surrounding areas just keep rising, making it a great time to be a party on the selling end of a real estate transaction. For buyers alike, however, now may be the challenging but the best time to move on a home, as the real estate price surge isn’t expected to stop anytime soon.
Condo associations have a number of duties to those who live near or on the properties it maintains. From ensuring that buildings are cared for in an adequate manner to guaranteeing that any unreasonable hazards on grounds have been removed, when condo associations breach the duty they owe, they could be held liable should harm to others occur. This legal theory has, for the most part, encouraged condo associations to assume responsibility for maintaining properties. But should this always be the case? How should condo associations deal with sidewalks, which are often public, not private, property?
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?