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Fraccionamiento or condominium

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Fraccionamiento or condominium

Post by The Postman on Sat Nov 26, 2011 11:36 am

Just moved down last tuesday and still moving in. Had a notice of a Fraccionamiento meeting. One of the items listed was to change from Fraccionamiento to Condominium. I have no idea of the difference and/or the impact on my property value or rights. I would be grateful if anyone could explain the difference? First post after lurking for years from the US.
thanks in advance

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Re: Fraccionamiento or condominium

Post by Hensley on Sat Nov 26, 2011 5:23 pm

It means that we can become totally closed, walled in, I got the notice also and know of the Presidents plans.
Make sure you go to the office and ask for a Neighborhood Watch packet, I am the coordinator.
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Re: Fraccionamiento or condominium

Post by The Postman on Mon Nov 28, 2011 7:11 pm

Thanks for the quick response unlike me. I went to the office and Manual didn't know about the Neighborhood Watch packet. I will be at the meeting and get more info then. Thanks again.

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Re: Fraccionamiento or condominium

Post by Intercasa on Mon Nov 28, 2011 7:42 pm

Perhaps they want to impose more rules or make it easier to make people follow them and collect fees from delinquent owners. Collection is easier in a condo and many condos, while not perfect, have their papers drawn up better than simple fraccs where enforcement and collection can be problematic.
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