greater on units sublet by their owners

expressed as a percentage of revenue

divided on a per-unit basis

prorated among the occupants according to their interests in the prop

by prescribing standards for condo mortgages that it purchases in the secondary market

by veto power over the actions of the board of directors

in cooperation with HUD

through the Community Associations Institute

buy separate flood insurance

provide extra liability insurance

be written in as a co-insured on the common elements

purchase HO-6 condo policy

the standards of eligibility based on income are the same throughout the US

the tenant pays up to 50% of his or her adjusted monthly income

housing is rented on a subsidized basis

the tenant gets housing at no cost

should follow the same policy as in privately owned housing

should allow longer grace periods than a private project

may be flexible because of the subsidies being paid

is not of concern because subsidies paid will make up for any loss

have traditionally been the responsibility of local govt

do not involve participation with the private sector

were authorized by HUD

include only newly built projects

common areas

Occupancy levels

comm. with owners

admin functions

public housing developement

triplex

investor-owned apt project

condo

the short term

profit

absentee owners

value

the occupant is responsible for the interior

the condo owners do not risk losing their units in event of default of the owning ass.

more condos have been built

condo owners may hire professional prop managers

limited partnership project

coop

condo

time share project

providing nursing services

renting the site

renting the house

providing an on-site laundromat

subsidized housing

office parks

loft buildings

trailer parks

prohibit time share arrangements

are more stringent than rules and regulations

require independent prof mgmt

establish owners associations under most state laws