An association can block owners from renting – Sometimes. Some homeowners’ associatons and co-op and condo boards have the authority to restrict owners from renting their property. Depending on the rules and regulations, when the homeowners’ association, coop and condo boards forbid owners from renting their units, owners may have no choice but to sell, even in a difficult market.
Financing a co-op introduces you to new concepts like cooperative, stock shares, board approval and underlying mortgage. If these sound like Greek, don’t despair. While buying a co-op is different that buying a condo, it does not have to be significantly different.
How to Win Against All Cash Offers. As a buyer when you find that dream home after weeks or months of searching, you wonder how to win against all cash offers from the other buyers who also love your dream home. It can seem like an insurmountable problem – and maybe it is …. in some circumstances…. but not all.
The Kenwood House is a small co-op building built in 1962 with five floors and approximately 70 units in total. Located on Dorset Avenue at the entrance to the Kenwood community, the Kenwood House sits quietly between Little Falls and the Capital Crescent Trail. In the rear of the building are the sports fields of Washington Episcopal Day School, so from every window of Kenwood House are lovely views of trees and green space. The Kenwood House offers traditional floorplans with enclosed kitchens and good sized bedrooms.
The Promenade Co-op is a large building with two towers at the edge of Bethesda with so many amenities that you will think you are living in a fine hotel. The front desk, tennis courts, indoor and outdoor pools, exercise rooms, pickle ball courts, party rooms, library, restaurant, hair salon, travel agent and on site contractor are just a few of the features that make the Promenade so special.