Quote:
Originally Posted by undercoverbrother
But Cecil said.......he knows man, he knows.
And when you sell the costs of those upgrades are passed onto the new owner.
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I don't think he necessarily agreed with you or disagreed with Cecil.
Cecil's point (I believe) was that where water damage is from a result of a failure outside the interior of walls and within the apartment (a sink) there is a strong possibility of personal responsibility as opposed to if the water damage was caused by faulty siding or roofs which would be included under common elements and therefore be the condo association's responsibility.
And what does the bolded part mean?
- I install hardwood floors as an upgrade.
- Condo burns down
- Property is rebuilt to its original state (carpet)
- I sell property
What costs of what upgrades are passed onto the new owner?
