Condominium Reserved Fund (公寓/城市屋 儲備基金)

November 17, 2012

Condominium(公寓/城市屋)的買家必須非常小心留意condominium reserved fund(公寓/城市屋儲備基金)是否足夠。因為如果儲備基金不足,就無法支付更新、保養、維修或其他工程,新業主便可能要負責支付差欠的費用。

買家應聘請專家去審計公寓/城市屋的financial statements(財務報表)及儲備基金的狀況。在作出一個明智購買公寓/城市屋的決定之前,必須考慮清楚儲備基金是否足夠。

請隨時與我聯絡,我會說流利的英語、普通話和粵語,為您提供進一步專業法律服務

*** 注:本博客中所有內容僅供參考。請找律師提供專業及全面的法律意見。

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Condominium Documents (公寓/城市屋的文件)

November 17, 2012

仔細審查公寓/城市屋文件可以減少潛在問題。以下是一些例子,以供參考:

  1. Condominium board(公寓/城市屋業主立案法團)是否有法律訴訟?
  2. 是否有徵收special assessment(特別評估費用)?如有徵收特別評估費用,由誰來負責支付?賣方或買方?或者兩者都要負責?
  3. 是否有足夠的reserved funds(預留資金)處理各類型的公寓/城市屋維修和保養?
  4. 仔細審查condominium board meeting minutes(公寓/城市屋業主立案法團會議記錄)後,是否有發現任何問題?
  5. 根據condominium bylaw(公寓/城市屋業主立案法團附例),你是否可以飴養寵物?

請隨時與我聯絡,我會說流利的英語、普通話和粵語,為您提供進一步專業法律服務

*** 注:本博客中所有內容僅供參考。請找律師提供專業及全面的法律意見。


Buyer’s Conditions (買家的條件)

November 17, 2012

審慎的買家會加上幾個Buyer’s Conditions(買家條件),以保障買家自己。這裡有幾個例子:

  1. subject to financing(借貸得到批准)
  2. subject to home inspection(驗房合格)
  3. subject to approval by your lawyer(買家律師的審查)
  4. subject to review of condominium documents(公寓/城市屋文件的審查)
  5. subject to buyer successfully selling his/her own home(買家成功售出現有物業)

以上列表並不是一份詳盡的清單,只是其中幾個普遍需要考慮的條件。

請隨時與我聯絡,我會說流利的英語、普通話和粵語,為您提供進一步專業法律服務

*** 注:本博客中所有內容僅供參考。請找律師提供專業及全面的法律意見。


Condominium Reserved Fund

May 29, 2011


Buyers of apartments or town houses need to be very careful of money in condominium reserved fund. Why? Because if there are not enough money in the reserved fund to complete existing renovation, maintenance, repair, or other projects, then the new owners may be responsible for short fall in these expenses.

Experts can be retained to review the condominium’s financial statements and the status of the reserved fund. It is important to consider the sufficiency of the condominium reserved fund in order to make an informed decision before purchasing an apartment or town house.

You may contact me for further legal advice.

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Note: All postings in this blog are for information only, please consult a lawyer for proper legal advice.


Condominium Documents

October 4, 2008

Review of condominium documents can minimize potential future surprises and problems.

The following are some examples,

  1. Are there pending lawsuits against the condominium board?
  2. Is there levy of special assessment? If so, who is responsible to pay? The seller or the buyer? Or both?
  3. Are there sufficient reserved funds setting aside for various types of repairs and maintenances of the condominium?
  4. Are there any issues that can be discovered from a careful review of the condominium board meeting minutes?
  5. Can you have pets on the premises according to condominium bylaw?

You may contact me for further legal advice.

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Note: All postings in this blog are for information only, please consult a lawyer for proper legal advice.


Buyer’s Conditions

October 4, 2008

It is prudent for the buyer to include several buyer’s conditions to protect him/herself. Here are a few examples,

  1. subject to financing
  2. subject to home inspection
  3. subject to approval by your lawyer
  4. subject to review of condominium documents
  5. subject to buyer successfully selling his/her own home

The above list is not an exhaustive list and are just some things to consider.

You may contact me for further legal advice.

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Note: All postings in this blog are for information only, please consult a lawyer for proper legal advice.


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