Condominium boards must be vigilant and proactive in managing their commercial spaces, as they have the right to enforce rules and fines against commercial unit-owners and their tenants, and can potentially evict tenants who do not comply.
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“Commercial Unit-Owner” returned 4 articles
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Understanding Condo Board Rights to Manage Commercial Unit-Owners
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Condo Boards Are Being Shortchanged by Commercial Unit Owners
Condominiums with commercial units often pay a significant source of income for the corporation, but boards need to ensure they are not being shortchanged by checking the declaration and bylaws to ensure commercial units are being charged properly. (Print: Condo Commercial Income: Are You Being Shortchanged?)
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What to Do When Expense Allocations Get Out of Whack in Mixed-Use Condominiums
Allocating expenses to commercial units in a condo can get tricky when the sponsor is involved.
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Figuring Out Your Shared Interests
What rights and responsibilities do commercial unit-owners have?
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