Does Maintenance On A Co-Op Count Against Gross Income? Can I deduct my co-op maintenance tax? The short answer is YES—a percentage of your monthly maintenance is tax deductible and this percentage is different from unit to unit depending on number of shares owned. Are cooperative housing fees tax deductible? Cooperative housing residents have the
Can You Make Modifications To A Condo? Can you make modifications to a condo? Yes of course you can remodel a condo! It’s not an apartment, it’s owned by you outright so you are allowed to update it in pretty much whichever way that you want. Can you change the inside of a condo? Condo
Can You Add A Second Bathroom To A Condo? Can you add a second bathroom to a condo? The simple answer is yes. Since the condo is controlled by a homeowners association (HOA), you will need to get permission from them. Also, the type of room you are wanting to add will determine whether or
Can I Refuse To Pay Condo Fees? Can I refuse to pay condo fees? After the condo association wins a judgment in court against an owner for not paying dues, the most common enforcement action allows the association to place a lien against the condo. In some states, a condo association may place a lien
Do Apartments Ever Become Condos? Do apartments ever become condos? A condominium conversion is when an entire property held under sole ownership is changed into individually sold units as condominiums. (A change of use). Many of these properties were originally apartments and sometimes they were buildings such as factories or schools. What does it mean
How Much Monthly Maintenance Century Village Pembroke Pines? “We weren’t renting or selling to anyone under 55 for fear of losing our senior status,” she says. “But the act says 80 percent must be over 55 and that means 20 percent can be under 55. How old do you have to be to live at