Legal Question in Real Estate Law in Texas

THERE IS A 10 UNIT CONDO THAT HAS A COMMON AREA AND I BELEIVE NO HOME OWNERS ASSOCIATION-ATLEAST NOT WHEN I USED TO LIVE THERE.

THE COMMON AREA HAS BEEN IN TAX FORECLOSURE AND THE COUNTY HAS PUT IT UP FOR SALE. IF I PURCHASE THIS COMMON AREA, CAN I CHARGE RESIDENTS A MONTHLY FEE TO ACESS IT OR RESELL RIGHTS TO USE IT TO THEM.THE STATE IS TEXAS.


Asked on 7/25/09, 11:42 am

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

I have seen common area bought. Once the condo finds out about your purchase, they purchase it back from you because it will have a right of redemption. You will earn the statutory redemption fee.

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Answered on 7/27/09, 9:17 am


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