3 ms·
This is exactly why I tell people not to buy a condo (in the USA). In the north east you see "triplex", or a three-unit multifamily home. Usually separate indiv
by endisneigh 4y ago
This is exactly why I tell people not to buy a condo (in the USA). In the north east you see "triplex", or a three-unit multifamily home. Usually separate individuals own each the units and all is well.
However, as life happens one unit will eventually go for sale. I've heard of a case where one of the other owners bought a unit so they owned 2 out of the 3, and then placed a very expensive special assessment to gut renovate the entire thing as it was in bad shape, but livable.
The other owner couldn't afford this and so they too were bought out at a fraction of the price.