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  1. kbakhaus

    Wrongful use of Common Elements- Condo Association

    Not sure if anyone can help me, but it’s worth a shot! I am a mere layperson who joined this site, but I found it during research to help my parents in a condo battle dealing with my father’s childhood home in Lexington, Ky. The home was divided into 4 condos when my grandparents died, and my...
  2. Ferstl00

    Condominium Conundrum

    I have a very oddball assignment that has been dragging on for weeks now. Hoping someone out there can help me figure this out... I was asked to appraise a unit in a 4 unit building. All of the surrounding dwellings are single family and zoned as such. The city zoned the subject parcel...
  3. MrAnderson

    Changing / Inaccurately Reporting Legal Description

    Trainee Appraiser here with a question my supervisor can't answer: We did an appraiser on a condominium unit where the legal description prefixes the unit number with the building number (Building #1 - Unit #108 shown as #1108 in the legal description). The unit number was shown as #1108 in the...
  4. MetroMixer

    Investor Owns 10%+ Of Condos - Its Affect On Marketability

    Hello all, I have a first...I am appraising a condo for a purchase and 89 of the 183 units in the complex are rented - so it has a higher rental rate than other condominium buildings in the surrounding area. After receiving the condominium questionnaire, I learned that an investor owns more...
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