expressed as a percentage of revenue

greater on units sublet by their owners

prorated among the occupants according to their interests in the prop

divided on a per-unit basis

through the Community Associations Institute

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

provide extra liability insurance

purchase HO-6 condo policy

buy separate flood insurance

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

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

the tenant gets housing at no cost

housing is rented on a subsidized basis

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

should follow the same policy as in privately owned housing

may be flexible because of the subsidies being paid

should allow longer grace periods than a private project

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

have traditionally been the responsibility of local govt

were authorized by HUD

do not involve participation with the private sector

include only newly built projects

admin functions

Occupancy levels

comm. with owners

common areas

condo

triplex

public housing developement

investor-owned apt project

the short term

value

profit

absentee owners

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

the occupant is responsible for the interior

coop

limited partnership project

condo

time share project

providing an on-site laundromat

renting the site

renting the house

providing nursing services

trailer parks

loft buildings

subsidized housing

office parks

require independent prof mgmt

establish owners associations under most state laws

prohibit time share arrangements

are more stringent than rules and regulations