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Investments > Real Estate Investing - 2 > Own a cabana, b...
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Own a cabana, but not a standard unit. Do I have access to my unit?

by TonyInClearwater <tonyinclearwater@[EMAIL PROTECTED] > Mar 23, 2008 at 06:40 PM

In a certain county in Florida there are several (4-5) 'Pool Cabanas'
available for purchase from the county.

These are made available for purchase for back taxes owed.

Once purchased from the county, the purchaser would hold a 'Tax Deed'.

Each of these Cabanas is in the same condo development where 'non-
cabana' standard 1-3 bedroom units sell for about $250k to about 1
million dollars.

Ordinarilly it is not possible to purchase a Cabana unless you already
own a standard unit in the building. Ordinailly when a purchase is
made in that building the purchaser must pass an interview. The board
would NEVER approve anyone to own a Cabana if they did not already own
a 'standard unit'.

In the legal description for the each cabana it states that the cabana
owner also owns a small interest in the 'Common Elemets' of the condo
development.

SO... Here is my question. If I purchase a cabana along with the
included percentage ownership of the common elements, can the condo
association legally prevent me from accessing my cabana and the common
elements of the property?

Please let me know. Email TonyInClearwater --AT-- yahoo.com




 1 Posts in Topic:
Own a cabana, but not a standard unit. Do I have access to my un
TonyInClearwater <tony  2008-03-23 18:40:26 

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tan12V112 Sat May 17 7:03:31 CDT 2008.