Commercial rental properties can also be set up as condos. In addition to reviewing the lease terms, it is prudent to also review policy forms. ISO’s standard property coverage part is the Building and Business Personal Property Coverage Part. ISO also has coverage parts for both Commercial Condominium Association and Commercial Condominium Unit Owners.
Commercial rental properties can also be set up as condos. In addition to reviewing the lease terms, it is prudent to also review policy forms. ISO’s standard property coverage part is the Building and Business Personal Property Coverage Part. ISO also has coverage parts for both Commercial Condominium Association and Commercial Condominium Unit Owners.
Not a very informative article. They make no mention of the Uniform Condo Act which typically dictates the by-laws for anything built after 1980.