When buying a condo there is more to consider than just your unit. A condo is just one piece of an association. Whether you are buying into a two unit association or a 200 unit association, there are things you should know before you sign on the dotted line.
1) What am I buying? When buying a condo, you purchase the unit inside the walls, but, that may be only one piece of the purchase. It is important for you to understand the “ownership” of any decks, porches, yard areas, garage spaces, parking spots, storage areas etc. These spaces can be deeded for exclusive use with your unit, used in common by the association or used by assignment or easement by one or more unit owner. Be sure to review the Master Deed and Unit Deed to determine the extent of your “ownership” and whether you or the association is responsible for the maintenance of these areas.