Sem

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Location:	07059

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is it legal to sell and buy limited common elements by the unit owner? Jeff Launiere and Karen Wantuck, can I

Asked Wed Jul 9 2008, 09:29 by Sem - 33160 - General Area - 6 answers

Sem answered:

Jeff,I still can not figure it out. Maybe it is my stubborn disbelief about SELLING something THAT IS NOT ONE'S PROPERTY. That is what I am trying to figure out. Another point- all expences in community are shared by the unit owners. Than All profits from sale of communal proprty also have to be shared by ALL owners? What about amount of shares? If unit has no parking and no storage, should the initial amount of common elements shares( assigned to this unit at purchase )change as well? I understand that people sell and buy parking spaces and storage(limited common elements) all the time.But is it legally exceptable?-that is my question.And is it ethical(if not illegal)for the board member to buy part of common elements for her own profit? - Thu Jul 10 2008, 07:00

Jeff', thank you for your answer.I did check the bylaws-there is nothing about SELLING.I know there is not much common sence in HOA laws, but I need to try to understand how is it possible to sell something that does not belong to one person but belongs to the community (hence my rediculous example with the balcony).I know for example that the board member herself bought two spaces recently. In this condo there is enough spaces for everybody to park. But now some have 5 spaces and some have none. This in my vew would serve only some community members well while other.... I do not mean to sound harsh. Please let me know your thoughts. Thank you again. S. - Wed Jul 9 2008, 12:16

What is better Winston Towers or Porto Bellagio? Our buyer is coming to town and looking to buy a condo in

Asked Sun May 25 2008, 14:39 by Evelina & Va… - 33160 - Home Buying - 3 answers

Sem answered:

Porto Bellagio apts. are much smaller. Also they are starting soon to build a bridge from 172nd to 174th st. for pedestrian crossing and emergency wehicles( see MiamiHerald.com June 24, 2008 article). This bridge will end up being too close to grounds (if not directly on grounds) of Porto Bellagio. There is a new school being built near there and it is possible(my speculation) that school busses will use it too. But I digress-perhaps an honest real estate agent will give you all information about it. - Wed Jul 9 2008, 09:42

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