Ar_home_b_search
 

If you leave a comment, Jim will visit your blog and comment.This is the fifth in my "Condo living" series. To find previous posts in the series, simply click here.

While living in your Mission Valley condo has many benefits, such as little or no maintenance, it has its own set of problems that one has to be aware of. One of those problems that seems to come up regularly is that of sharing space.

By sharing space, I mean one of three things:

  1. subleasing all of part of your Mission Valley condo to someone else
  2. inviting friends and relatives to stay with you for prolonged periods of time
  3. having a loud, boisterous party, such as during a Chargers or Padres playoff game

Some condominium CC&R's speak in only broad, general terms about sharing space while others are very specific.

River Scene, Mission Valley, San Diego CAIf you are intent on subleasing your Mission Valley condo to someone else, rather than just having a roommate, you need to contact the condominium association and your mortgage lender before you buy your condo. Some lenders will not provide a mortgage if you're not going to live in the condo or if too many of the condos are already being rented.

Renters typically aren't inclined to maintain a property that doesn't belong to them, and usually don't have a copy of the CC&R's, so renters bring a set of problems that the condo association might not be prepared to deal with.

River Scene, Mission Valley, San Diego CAWhen inviting people to stay with you, "prolonged periods of time" are usually defined as either (1) 48 hours or more, or (2) seven days or more. The presumption in many cases is that a visitor will bring a car, and since parking is at a premium in many condominium complexes, a visitor's car could take away from a parking place for another condominium owner. Forty-eight hours allows someone to come visit for the weekend, while seven days recognizes that a family member or friend might have an emergency that you can help them with by letting them stay with you.

Extenuating circumstances requiring longer stays are usually handled on a case-by-case basis but are rarely denied. You just need to check your CC&R's so that you'll know what normal circumstances are and what extenuating circumstances are.

Loud boisterous parties are rarely allowed, but if 90% of your condominium complex is having a Super Bowl party because the Chargers are in it, it's unlikely that anyone is going to be cited. If the hated Oakland Raiders are in the Super Bowl, though, and you're the only Raiders fan in your complex, and you're the only one having a party, it might be a different story.

**********

Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com

*****

Need help buying or selling a home in San Diego County?
Moving here to work on Stimulus Bill projects?
Visiting and would like a vacation home here?

I can help you find the best just the right home or just the right buyers
to meet your real estate needs, wants, and goals.

I'm available 24/7, so feel free to contact me by phone or email.

*****

This week's posts:

  1. Public art along the San Diego harbor - 8/19/09
  2. WWW (Wordless Wednesday with Words) at the San Diego Harbor - 8/19/09
  3. Condo living - Sharing water - 8/18/09
  4. San Diego County home sales and prices continue climbing.... - 8/18/09

Last week's posts:

  1. Kitty cat facts you might not know - 8/16/09
  2. What is the purpose of a pre-listing inspection? - 8/16/09
  3. Condo living - Saving at the grocery store - 8/16/09
  4. Condo living - Covenants, conditions, and restrictions - 8/16/09
  5. Lazing on a Sunday afternoon at the San Diego Zoo - 8/16/09
  6. Don't be lounging around.... - 8/15/09
  7. Condo living - The basics - 8/13/09
  8. What do YOU see? - 8/12/09
  9. Still trying.... - 8/11/09
  10. Mission Valley condos, San Diego CA: The Missions at Rio Vista - 8/10/09

Previous week's posts:

  1. Mission Valley condos, San Diego CA: Things to do - The San Diego Zoo - 8/10/09
  2. Mission Valley condos, San Diego CA: Federal Stimulus projects - 8/9/09
  3. Mission Valley condos, San Diego CA: Pandas at the San Diego Zoo - 8/9/09
  4. Can a business prevent you from blogging about them? - 8/8/09 - Featured
  5. Free concert tonight in La Jolla featuring yours truly - 8/7/09
  6. Check this out! What ActiveRain has done for me! - 8/6/09 - Featured
  7. Mission Valley condos, San Diego CA: You, too, can have a pool! - 8/6/09
  8. Mission Valley condos, San Diego CA: Condos make great second homes or vacation homes - 8/5/09
  9. Mission Valley condos, San Diego CA: Lucky dogs at The Lido - 8/5/09
  10. Mission Valley condos, San Diego CA: Hye Park - 8/3/09

Inspired by nature? Join the Inspired By Nature Group.

Classical music lover? Join the Classical Music Group.

Want to share a good book? Join the Active Rain Book Club.

 

♪♫♫♫♪

If you're looking for a great real estate agent in San Diego, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

♪♫♫♫♪

Click here to subscribe to Jim's blog

♪♫♫♫♪

For great photography tips and tricks, follow Russel Ray Photos on Wordpress.

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News San Diego, CA Real Estate News Mission Valley (San Diego, CA) Real Estate News
Post is included in group: CALIFORNIA DREAMING
Post is included in group: Everything California
Post is included in group: Realtors®
Post is included in group: Southern California Real Estate Forum
Post is included in group: Condo Benefits

3 Comments on Mission Valley condos, San Diego CA: Condo living - Sharing space

AUG
20
2009
260,424 Points 10 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Jim! I hadn't really thought about subleasing and CC&Rs. This is a great post and easy to read from a formatting perspective. Do you have much additional clickthroughs from putting your recent blogposts in your footer?

4:48pm • #1
508,331 Points 19 Featured Posts Localism Sponsor Called Shot Master

Jim, Good tips for planning and staying in line with the CC&R's of any condo project.  I love that pool, looks very nice!

9:04pm • #2
AUG
26
2009
1,028,499 Points 27 Featured Posts Outside Blog Called Shot Master

Hey, Christianne - My farming area, which is in a highly active part of town, both day and night, and close to the beaches, sports, downtown, Mexico, three universities, etc., is a very lucrative area for buying a condominium and treating it as rental income property. It's not hard to get the monthly rent to pay for the mortgage, insurance, and taxes. Currently, with the mess in the mortgage industry, that is causing some problems in some condominium complexes because the established owners are renting their condominiums, while those trying to buy a short sale or foreclosure are finding that they can't get a loan because the percentage of owner-occupied units is not high enough. It's a major cause of the abysmal inventory in Mission Vally condominium complexes.

The formatting template was done by my marketing guru, and every time I mess it up, he fixes it for me -- LOL.

I get a lot of click throughs from recent blog post links, and they seem to also provide more Google juice.

Hey, Jane - There are some awesome pools and spas, not to mention lakes, in Mission Valley.

10:09pm • #3

What does the graphic say?

Leave a response…



(optional)
What does the graphic say?
 
Jim_landscape Rainmaker_large

Jim Frimmer, Realtor and CDPE, Mission Valley, CA DRE #01458572

San Diego, CA

More about me…

Century 21 Award

Address: 7676 Hazard Center Drive,, Suite 100, San Diego, CA, 92108-4504

Office Phone: (619) 471-2212

Cell Phone: (619) 729-5701

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog