What is a condex?
A condex is a two-family home. They became popular in New England in the early 2000s when builders realized that instead of building a single-family home worth $600,000, they could build a two-family, call it a condex and make more money, noted Collins.
Whats the difference between a duplex and a condex?
Condex: This term refers to a side by side condos that may have been converted from a duplex to two townhome style units. These are far more popular in some areas than they are in others. A condex will have a shared center wall and a shared roof.
What is a condex in New Hampshire?
That said, the basic understanding of the structure is that it is a condominium-style home typically with two units, like a duplex. Many condexes were converted from a duplex, while others were constructed as a condex.
Is Massachusetts a super lien state?
But in Massachusetts, six months’ worth of delinquent common expense assessments, including costs and attorneys’ fees, have super-lien status.
What is a super priority lien?
When it comes to HOA assessment liens, a super priority lien refers to that portion of an HOA lien that is given higher priority than even the first mortgage holder, placing the interest of the HOA in front of the first mortgage holder.
How are condo fees determined in Massachusetts?
Condominium Fees – Determined by the annual budget; usually paid monthly. Owners are typically assessed expenses according to their % interest. 183A, verifies owners payment status of fees and assessments.
What does duplex mean in property?
There is some dispute about whether an apartment with a mezzanine level should be referred to as a duplex. Strangely however, and rather confusingly, in the USA, a ‘duplex’ is a dwelling comprising two apartments with separate entrances, whether the apartments are side by side, or one above the other.
What’s the difference between a condo and a duplex?
The biggest difference between a duplex and a townhouse or apartment or condo is ownership. In a duplex, the entire building is owned by a single person and both sides are rented out. Renters of duplexes don’t own anything, just like in a rental home. They are given yard space, usually, but that is rented as well.
What does a super lien status mean?
When it comes to HOA liens, a “super lien” refers to that portion of a homeowners’ association lien that’s given higher priority than even a first-mortgage holder, placing the HOA’s interest in front of the first mortgage.
Which of the following liens has super priority?
A general rule in property law says that whichever lien is recorded first in the land records has higher priority over later-recorded liens. This rule is known as the “first in time, first in right” rule.
What is the average condo fee in Massachusetts?
Reports from the Massachusetts Association of Realtors (MAR) and real estate tracking firm the Warren Group both found median condo prices across the state to be around $389,000. That’s a 20.1 percent spike since last March, according to the Warren Group.
What was the result of Massachusetts healthcare reform?
Massachusetts achieved near-universal insurance coverage after enacting its own healthcare reform 10 years ago, but gains in improved access to and affordability of care faded over time.
What was the health insurance coverage in Massachusetts in 2008?
By 2008 Massachusetts had the highest coverage in the nation, well above coverage levels in the remaining states, and has maintained the highest coverage since then. Although Massachusetts has attained near-universal coverage, gaps persist, especially among nonelderly adults.
What kind of health insurance is available in Massachusetts?
Here are some of the types of plans offered in Massachusetts HMO plans cover hospital, medical and preventive care. You are only covered if you get your care from HMO’s network of providers (except in a case of emergency). With most HMO plans you pay a copayment for each covered service.
Are there any health coverage gaps in Massachusetts?
Although Massachusetts has attained near-universal coverage, gaps persist, especially among nonelderly adults. Among nonelderly adults, uninsurance was particularly high for immigrants, minorities, those with less than a high school education, and those with family income at or below 138% of the federal poverty level.