Keyswatch Condo Watch- Many people are choosing condominiums as an alternative to owning a single-home. There are substantially fewer maintenance responsibilities and costs which makes converting to a condo lifestyle appealing to many who want to simplify their lives and downsize after homeownership.
You might think you don’t have anything to worry about, but things can and do happen that the building management is not responsible for such as AC failures where black mold and microbial growth can occur within 72 hours, water leaks from water heaters, drip pans, clogged AC drains, and plumbing failures. You may also be responsible for damages to other units or common property if applicable. Also, insurance companies may refuse to pay claims if you cannot prove that your unit is being regularly monitored while vacant for extended periods of time.