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Ask Your Condo Board Following Things before You Start Living

The first thing you need to ask the Martin Modern board in Singapore about the amount or the number of occupied places by the owner or the tenant.

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Ask Your Condo Board Following Things before You Start Living

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  1. Things to Ask Your Condo Board before You Start Living

  2. Buying and selling condos might seem pretty normal but if you are someone who has never lived in a condo before, and then there are a few things you certainly need to take care of. • You might find yourself plenty of condos to own – and condo properties like Martin Modern in Singapore has plenty of facilities available. • But, just to make sure that you are making the right decision, you need to ask your condo board the following questions –

  3. The first thing you need to ask the board about the amount or the number of occupied places by the owner or the tenant. • You need to ask them what percentages of the condo’s units are owner occupied and what percentage of the units are tenant occupied. • What are the laws regarding the covenants, bylaws and what could be the possible restrictions on the property? There can be plenty of rules and regulations regarding the property.

  4. Such as – if you buy the condo after a certain date, you may not be able to put it up for rent. Ask these questions before you buy the condo. • However, never forget to keep a copy of the bylaws and go through it. See if you are comfortable living with them. • Ask your association about how much money the association is keeping as reserve and how are those being used and where.

  5. However, as the SBLC providers issue one of these letters to the seller, agreeing to make payments for the goods being sold if the buyer defaults. • This way, the seller feels secure in the purchase because the bank is obligated to pay if the buyer fails to. • In short, it ensures payment for the product being sold.

  6. What are the things that the association covers and what are the things that the association doesn’t cover. • For example the common area maintenance, recreational facilities, trash collection – what are those facilities? • Is the association keeping up a pace with the annual rate of inflation? • Smart boards raise assessments a certain percentage each year to build reserves to fund future repairs. • To determine if the assessment us reasonable, do compare the rate to others in the area.

  7. How much turnover occurs in the building? • Is the developer of the condo reputable? Make sure you do find out about the developer and any other projects they have done in the past. • It is very important for you to know about how the developer has worked in the past. • As the other residents about their experience and perceptions on living in the building.

  8. If the roof, windows, doors and bricks aren’t in good condition, then it might be a problem for you after you buy the condo. Thanks

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