Hey guys, anyone know what this is? We were considering buying a condo and saw a listing for this--wondering what the difference is. Appreciate your help and thanks. ******************************************** 03-27-03, 07:18 AM methos LANDOMINIUM. A subdivision with access and maintenance agreements which is similar to a condominium except that a purchaser of a unit receives fee simple title both to the unit and the land underlying the unit. A landominium is a subdivision within the meaning of and subject to the Rules and Regulations contained herein.
03-27-03, 09:53 PM methos No, I'd actually never heard of them before your question. Frown
05-11-03, 06:54 AM Fritzzs Hope this isn't too late... Restriction up the ying-yang...No fences; no bushes,tree, flower planting without the approval of the "committe"...Certain colors on the house,etc and on and on and on....REAL PAIN.. Had friends who brought one...lasted 5 months and sold it....
05-11-03, 08:36 AM Kelleygirl No, Donrent, it's not too late and thanks BIG TIME for the warning. That sounds like the last thing we'd want.
06-17-03, 11:03 AM cattywampus Lawyers just love these kinds of deals - they make good money getting people out of them. I have never heard of anyone who bought one of these things or a time-share, either, who wasn't upset about it. If you like a committee peering in your windows, sending you notices that you can't have blue flowers in your window, they must be red, and asking how many times a day you blow your nose, this is the deal for you.
Catty Frown
08-26-06, 08:13 AM jsgehl We live in a suburb of Syracuse, NY in a planned community. There are lots of covenants, though the kinds of plants etc are not among them. Colors of houses, placement of garbage cans, unsightly decorations, basketball hoops etc are. The purpose is to ensure a consistent environment for the residents, that the neighbor's grass won't be a foot tall with a rusty car on the side of the house. The community is very popular here, probably because there is a lot more flexibility than in what you describe. I was specifically addressing the restrictions as there are differences in that we cut our own grass, but pay for maintenance of common grounds like tennis courts, pool etc.
08-26-06, 08:17 AM jsgehl Kelleygirl! We're moving near Cincinnati in 3 years and found "Landominium" to be a new term too. I just googled it and there was the definition. I guess you have to somehow find out how strict the covenants are from residents in the area. I'm sure they vary from place to place. Often the management changes and one may be more stict than another.
08-26-06, 08:49 AM MrsS My hubby and I deliberately chose to buy in an odd, remote little township with no services specifically to avoid CCR agreements... We were not about to commit to a 30 year debt and responsibility for all our own maintenence and still have some committee telling us where we could park and what I could plant... Craig has a fair collection of project cars and I'm prone to raise rambling, bright, mixed groupings of plants rather than orderly gardens... read "The Secret Garden" once too often, perhaps.... always trying for an overgrown, forgotten tangle that looks as if it might have a long story behind it... And I'm prone to having erratic houseguests, so regulations concerning the number of guests and the duration of their stay would not work for me. Our little map dot is a liitle on the "funky" side, but we have great neighbors and the right to do as we damn well please on our property.
08-26-06, 04:08 PM jsgehl Wow, I didn't know some had THAT strict of rules! Especially re: houseguests. How about small children? (rhetorically). I suppose that could be a problem in some situations too. I guess our place isn't all that restrictive after all. Glad I read this as it will help a great deal in asking questions when we go to buy in the future. Thanks all.
08-26-06, 04:30 PM juanruiz It really does depend on each individual. My sister is single and retired, and the place she lives fits her perfectly, despite the rules that I would find stringent and invasive. Since she had polio as a teen, and has problems getting around, the lawn service and snow shoveling provided are particularly welcome.
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