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Condo Conversions tips from the Miami Herald
BEFORE BUYING A CONVERTED CONDO
If you are considering buying an apartment that is being converted into a condo, you should:
• Read thoroughly a state-required engineer's report that outlines the condition of the converted building. Ask questions. You should know the age of the roof, air conditioning and electrical system. This will help you determine the cost of future repairs.
• Understand whether your converted building will get adequate reserves funded by the developer or warranties on major items such as roofs, and how long the warranties are.
• Ask whether the building was constructed under the new tougher codes, which went into effect in 1994. Those buildings have needed fewer repairs. Some buildings built after 1994 were constructed under the old codes, so it's important to ask.
• Don't assume the renovations you see in the condo model or the floor where the model is located will be done in your unit and on your floor. Get any promises from the developer in writing.
• Research the developer's reputation and business history.
• Check with the city to see if the building has any code violations. Also make sure the developers have obtained certificates of occupancy so that you have permission to move in once you have bought the unit.
We look forward to helping you in your Condo Contract dispute.Law Offices of Eric L. Bronfeld, P.A.
PO Box 22506
Fort Lauderdale, Florida 33335
954-527-1512(South Florida Area)
1-877-527-1512 (Toll Free outside South Florida)
info@depositrecoveryservices.com
http://www.depositrecoveryservices
DISCLAIMER: The Law Offices of Eric L. Bronfeld, P.A. have NOT prepared or reviewed these materials. This blog is for informational purposes only.
They are not legal advice and have not been written by a Florida or New York Real Estate Attorney.
This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Online readers should not act upon this information without seeking professional counsel.
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Labels: attorney, condo, condominim, contract, florida, fraud, lawyer, miami, preconstruction

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