One of the most important aspects to consider before buying Myrtle Beach condos for sale is the owner restrictions and limitations. You can learn more about these by reading the Covenants, Conditions, and Restrictions available from the Home Owner’s Association of the condo building you are considering buying from. Knowing about this will help you decide whether the condo unit is a good fit for your lifestyle.
Condominium living is considered as a lifestyle choice. This is why it is important that you ensure that the condo you will be living in is suitable to your choice of lifestyle. And to help you decide, you will need to understand and look at the obligations and restrictions owners have on the condo building you are considering.
Looking at the Covenants, Conditions, and Restrictions of Myrtle Beach condos for sale
These legal documents may be called in some other names for different condo building associations and homeowner’s association. They may be referred to as bylaws, house rules, or master deeds. Basically, these documents the rules and regulations governed by the homeowner’s association. These are the guide book of the association and dictate how they would operate and what rules condo unit owners, tenants and guests must follow. The rules in these documents can only be enforced by the condo building’s homeowner’s association unless stated otherwise.
Here is a list of some of the rules and regulations that you will often find in CCR’s or bylaws.
1. Unit leasing – Some homeowner’s association allows unit owners to lease their unit but with some specific restrictions. Others do not allow leasing.
2. Bringing of pets inside the building or unit – Some allow pets inside the building and the unit but with restrictions on weight. Others do not allow pets inside the building or unit.
3. Age restrictions – This is often found in retirement communities or if there are more elderly living in the same condo building.
4. Overnight stays – Some condo building associations do not allow their owners to invite others to stay the night in their condo building. This is most especially true in retirement communities where they do not allow kids under the age of 16 spend the night.
5. Driveway maintenance – Condo unit owners are responsible for taking their trash out in time for the collection. They need to observe the right time when they should take their trash out and also to remember to bring their trash can back in and not to leave it on their driveway. Other homeowner’s association also requires condo owners to regularly wash their driveways.
6. Parking – In some condo buildings, one parking space is already provided for each condo unit owner. Condo owners are sometimes assigned more than one parking space if there is more than one car, but cannot use other owners’ spaces.
Keep in mind that these rules and regulations cannot be changed. You need to look at them and study them before choosing which Myrtle Beach condos for sale you want to buy. Also, this will prevent any misunderstanding with the condo building association and ensure that you will not be subjected to any fines.
Learn more tips in buying Myrtle Beach condos for sale by contacting Jerry Pinkas Real Estate Experts now.
Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
Helping you choose which Myrtle Beach condos for sale suit your needs.