http://absoluteapartments.com The Information on The Best Apartments Around Thu, 17 Mar 2011 01:15:28 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://absoluteapartments.com/advice/condo-renting/ http://absoluteapartments.com/advice/condo-renting/#comments Tue, 29 Jul 2008 12:36:37 +0000 Peter http://absoluteapartments.com/advice/condo-renting/ If you have made a payment on reservations for a condominium complex that has had a stoppage of new unit construction, and has less than 25% occupancy, consider bailing out. There might be a problem with the developer and the lack of continuing sales of units may be a sign of a forthcoming raise in the payments needed to maintain or get your unit. If you have already moved in, then get in touch with your broker and developer to get the latest information regarding the problem. The longer a property gets fully occupied, the more likely the owners would be raising rent/prices due to the need for financial resources to maintain the unoccupied units. There may also be some unknown finding such as problems with the building, codes, zoning etc. so be involved so you don’t get surprises.

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