
Many planned communities, townhome communities, and condominiums (collectively, "
Associations" since they are nearly universally governed by one) have restrictions that either prohibit or limit the number, size, and type of pets that can be kept within the community. In general, as long as a restriction...
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Most swimming pools have a list of rules posted somewhere on the premises. We’ve all seen them. The rules contain common sense prohibitions against dangerous pool activities, such as having glass in the pool area and diving into the shallow end.
And almost every set of...
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FHA-insured financing may be used to purchase or refinance a condominium unit in a project where the legal documents contain provisions which restrict a unit owner's ability to lease their unit if the restrictions meet one or more of the following criteria. (more…)
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Introduction
The Federal Housing Administration (“FHA”) is a government-owned insurance company that insures home loans for buyers who cannot afford a conventional down payment or prefer to use their available funds in other ways. In other words, a FHA backed loan allows a home buyer to purchase the home with a smaller down payment than other...
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