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Does anyone know about Condo law?

Home ▸ Archive ▸ Serious Business ▸ Does anyone know about Condo law?
S

sportchampps

Senior Member

7,361 posts
Nov 16, 2010 7:44 PM
We are supposed to be renting a condo in Columbus and moving in Sunday from Kansas. We have paid our deposit and got approved to move in. We are renting this Condo thru Lifestyle who built the property. Today another company called my mother associated with the condo administration (who she called to ask who provided cable in the area). This company told us that they will evict us if we move in. They said that to rent a condo theres a list because only so many condos can be rented at anyone time and they have 2 avaiable they can rent us and that is not one. They then called my brother who owns a condo in the complex and told him they would evict us but, they have not called us. I called Lifestyle who owns the Condo and they said that this lady is basically full of it. They said Condo law in Ohio says that they own the property until it is sold and they can rent any unit they want and you cant be evicted by someone who doesnt own the property. They said now if someone had bought the condo then yes they could evict us but this condo has never been sold and that the other company is breaking the law by interfering with a contract. He said he will send us a copy of the documents tommorow and also has a lease and another copy for us to sign on Sunday when we move in. What would you do we are moving from Kansas and have already paid our deposit and basically dont have time to find somewhere else.
Nov 16, 2010 7:44pm
Q

queencitybuckeye

Senior Member

7,117 posts
Nov 16, 2010 9:03 PM
I'd be on the phone to a CBus lawyer at the start of business tomorrow.
Nov 16, 2010 9:03pm
S

Steel Valley Football

Senior Member

4,548 posts
Nov 16, 2010 9:04 PM
I know some condo docs contain provisions about what % of development can be rented. Also, kicking out a renter is a long process. I say move in and start looking elsewhere immediately. I know Lifestyles is a scam when you buy based on their financing, but renting should be straightforward so based on all this I would be leary to stay and would look elsewhere.
Nov 16, 2010 9:04pm
Q

queencitybuckeye

Senior Member

7,117 posts
Nov 16, 2010 9:09 PM
^^^^ Better advice than mine.
Nov 16, 2010 9:09pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:11 PM
Do you know who the company is the 2nd person said they were with?
Nov 16, 2010 9:11pm
Curly J's avatar

Curly J

Self Pwner in Training.

7,282 posts
Nov 16, 2010 9:12 PM
I live in a Condo, but mine is owned by me. I do know Condo Associations do not like have more renters than owner occupants, because it's harder on the resale of a Condo. (First time home buyers, FHA, VA) Although for a few more dollars they can always throw in a waiver...like in my case.

Unless there is a clause in the Condo Associations By Laws that prohibits that percentage from going over a certain percent and it's the owners responsibility to not let it, then I don't see where the Association can do anything.
Nov 16, 2010 9:12pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:14 PM
Curly J;561743 wrote:
Unless there is a clause in the Condo Associations By Laws that prohibits that percentage from going over a certain percent and it's the owners responsibility to not let it, then I don't see where the Association can do anything.

Another contract that needs to be looked at is the one between the builder and the association.

If a max amount of renters is only in the owners (aka members) by laws, there is a good chance that it will not apply to the developer.
Nov 16, 2010 9:14pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:18 PM
Also, Lifestyle is a good company, the Deasentis (I always spell their name wrong) family is a good family, known them for years. First place I bought was a Lifestyle condo, you will like living in one of their communities
Nov 16, 2010 9:18pm
thedynasty1998's avatar

thedynasty1998

Senior Member

6,844 posts
Nov 16, 2010 9:26 PM
Who is leasing you the condo? Only the owner can evict you, but I'm not clear on the owner.

Also, the advice that it's a long process to evict someone isn't necessarily true, unless you think 45 days or so to be a long time. Definitely not worth moving in, if you will have to move again in a month and a half. Plus, it's not something you want on your rental history.
Nov 16, 2010 9:26pm
S

Steel Valley Football

Senior Member

4,548 posts
Nov 16, 2010 9:32 PM
LJ;561750 wrote:Also, Lifestyle is a good company, the Deasentis (I always spell their name wrong) family is a good family, known them for years. First place I bought was a Lifestyle condo, you will like living in one of their communities

You'd have to define good. Lifestyle builds with buy-down financing so the day you sign the papers your condo loses value. Most if not all buyers wouldn't call that good. They run a financing scam, along with dozens of other builders in central Ohio. It's legal, but all homes built with rate buy-downs lose value upon purchase. More precisely, the market value of the property is less than the recorded sale price.
Nov 16, 2010 9:32pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:34 PM
Steel Valley Football;561767 wrote:You'd have to define good. Lifestyle builds with buy-down financing so the day you sign the papers your condo loses value. Most if not all buyers wouldn't call that good. They run a financing scam, along with dozens of other builders in central Ohio. It's legal, but all homes built with rate buy-downs lose value upon purchase. More precisely, the market value of the property is less than the recorded sale price.

Just about every builder in the world uses that as their own financing.
Nov 16, 2010 9:34pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:36 PM
BTW, I'll let my dad know that next time he has lunch with Mike to let him know that some appraiser on Ohio Chatter thinks he is running a scam
Nov 16, 2010 9:36pm
thedynasty1998's avatar

thedynasty1998

Senior Member

6,844 posts
Nov 16, 2010 9:39 PM
LJ;561782 wrote:BTW, I'll let my dad know that next time he has lunch with Mike to let him know that some appraiser on Ohio Chatter thinks he is running a scam

You sure are a name dropper huh?
Nov 16, 2010 9:39pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:39 PM
thedynasty1998;561787 wrote:You sure are a name dropper huh?

I just find it funny that he slams EVERYONE. Just letting him know that his words don't go unnoticed ;)

And trust me, it doesn't get me anything more than free tickets to the UA prom at the LC
Nov 16, 2010 9:39pm
S

Steel Valley Football

Senior Member

4,548 posts
Nov 16, 2010 9:40 PM
LJ;561782 wrote:BTW, I'll let my dad know that next time he has lunch with Mike to let him know that some appraiser on Ohio Chatter thinks he is running a scam
Don't do that. It will only confuse them.
Nov 16, 2010 9:40pm
S

Steel Valley Football

Senior Member

4,548 posts
Nov 16, 2010 9:42 PM
LJ;561776 wrote:Just about every builder in the world uses that as their own financing.


Not sure where it went but I just posted this.....

Ok, so explain what offering a new-build property with 2% buy-down on the rate does to the value.
Nov 16, 2010 9:42pm
S

Steel Valley Football

Senior Member

4,548 posts
Nov 16, 2010 9:43 PM
LJ;561789 wrote:I just find it funny that he slams EVERYONE. Just letting him know that his words don't go unnoticed ;)

And trust me, it doesn't get me anything more than free tickets to the UA prom at the LC

I tried to have this conversation with you before but you said you would not respond on the thread so I didn't.
Nov 16, 2010 9:43pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:44 PM
Steel Valley Football;561796 wrote:Not sure where it went but I just posted this.....

Ok, so explain what offering a new-build property with 2% buy-down on the rate does to the value.

because it artificially inflates the sale price. It's offered by banks, builders, Joey the loan shark, etc.
Nov 16, 2010 9:44pm
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Nov 16, 2010 9:45 PM
No I only studied Noise Statutes and Personal Privacy in Law School.
Nov 16, 2010 9:45pm
S

Steel Valley Football

Senior Member

4,548 posts
Nov 16, 2010 9:46 PM
LJ;561803 wrote:because it artificially inflates the sale price. It's offered by banks, builders, Joey the loan shark, etc.
Exactly, so how is buying a condo with an inflated sale price good in your eyes? In anyone's eyes?
Nov 16, 2010 9:46pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:47 PM
Steel Valley Football;561809 wrote:Exactly, so how is buying a condo with an inflated sale price good in your eyes? In anyone's eyes?

It's not up to the seller to make that decision, that is up to the buyer.
Nov 16, 2010 9:47pm
S

sportchampps

Senior Member

7,361 posts
Nov 16, 2010 9:47 PM
the owner of the property is lifestyles is was the unit they used to show kinda like a model home. The 2nd company is Sterling Property Management heres a few reviews includign the woman who has been calling us saying she would evict us http://columbus.citysearch.com/profile/7840165/worthington_oh/towne_properties.html. The lady mentioned in the review is the woman calling us.
Nov 16, 2010 9:47pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:48 PM
sportchampps;561812 wrote:the owner of the property is lifestyles is was the unit they used to show kinda like a model home. The 2nd company is Sterling Property Management heres a few reviews includign the woman who has been calling us saying she would evict us http://columbus.citysearch.com/profile/7840165/worthington_oh/towne_properties.html. The lady mentioned in the review is the woman calling us.

Ok, so the community has gone to member management (Onsite is Lifestyle's company). Eh, I would say to find somewhere else to live, it's most likely not a fight you want to get caught in the middle of
Nov 16, 2010 9:48pm
S

sportchampps

Senior Member

7,361 posts
Nov 16, 2010 9:49 PM
by the way my brother and his wife own two lifestyle condos and have had no problem sure the property value has dropped but thats cus the real estate market tanked.
Nov 16, 2010 9:49pm
LJ's avatar

LJ

Senior Member

16,351 posts
Nov 16, 2010 9:49 PM
and I can also confirm that Laura Nedig is a property manager with them, as I dealt with her when I lived in a Lifestyle condo. She is a bitch
Nov 16, 2010 9:49pm