Common areas pose repair quandary

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: This is Part 3 of a three-part series. Read Part 1:"Condo rules a deal-breaker for some"; and Part 2: "How healthy is your HOA?"Meet Bernice Ross at the upcoming Real Estate Connect conference in San Francisco, which runs from Aug. 5-7, 2009. She will be available to meet with conference attendees from 12:30 p.m. to 1:30 p.m. on Thursday, Aug. 6, in the Palace Hotel's Ralston Room. Click here to send Bernice a message.Are you considering buying a condominium? This week's column looks at three additional pitfalls that can trap an unsuspecting buyer as well as how to avoid them. The first two parts of this series provided three important questions you must ask before purchasing a condominium or planned unit development (PUD). Those three questions are: 1. What type of ownership are you purchasing? 2. What obligations and restrictions do the covenants, conditions and restrictions (CC&Rs) place on you? 3. Is the homeowners association (HOA) financiall...