Property Management (alternative)
Under Maryland's Condominium Act, a condominium association has the power to:
AModify unit owner's deed descriptions
BLevy assessments, enforce rules, and maintain common elements✓ Correct
COverride local zoning ordinances
DRevoke individual unit ownership
Explanation
Maryland condominium associations have authority to levy regular and special assessments, enforce the declaration and bylaws, and maintain common elements per the Maryland Condominium Act.
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- In Maryland, a condo association that fails to maintain common elements exposing residents to safety hazards may be liable for:Property Management
- A Maryland HOA's authority to levy special assessments on homeowners typically requires:Property Management (alternative)
- In a Maryland condominium, the 'common elements' are owned by:Property Ownership
- In Maryland, a condominium association (council of unit owners) has the authority to:Property Ownership
- In Maryland, a property management company that manages both a condo association's common elements and sells individual units within the same building may have a:Agency (alternative)
- A Maryland condominium owner's monthly fee paid to the condominium association covers:Property Ownership (alternative)
- A Maryland homeowner's association (HOA) has the power to place a lien on a member's property for:Property Ownership (alternative)
- In Maryland, a commercial tenant's common area maintenance (CAM) charges typically cover:Property Management (alternative)
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
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