This is an excerpt from our "2024 US Condo Outlook" webinar....
Apartment, Office & Retail buildings are regulated or owned & run by experts in the industry. CONDOS HAVE NOT HAD ANY OF THE ABOVE SINCE INCEPTION IN 1960.
It is often misunderstood that property management companies are responsible for these duties. That is NOT the case!!
THE CONDO OWNER IS RESPONSIBLE!
Until America finds ways to protect condo owners, similar to what parts of Canada and Malyasia have done (and now Florida, as of May 2022!), we MUST come together to help protect condo owners and buyers.
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