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	Escrow & Title Escrow Protected after escrow? Condominiums as rentals? Common Ways To Hold Title Direct deeding is useful Escrow is open Comparing escrow fees Learn about contingencies Prepare for Escrow closing Prorations it pertains to rent Real estate taxes pro-rated Real property vs. personal property Real Estate Mathematics The hidden cost of closing Utility bills and escrow escrow agents have to report? Walk Through Inspection   Title 1031 reverse exchange 1031- Avoid capital gains tax ALTA Policy CLTA Policy Community property tates Creating a trust Clouds on a title Do condos need title insurance? Deed Deed of Reconveyance Dealing with boundary disputes Easements Exceptions in title insurance How much is title insurance? Lis Pendens Mortgages vs. deeds of trust Not married? Joint tenants? Proposed zoning change Preliminary Title Report Quitclaim deeds Statement of Opinion Title Insurance Title insurance and builders Your closing date-Who chooses? Why you should have title insurance Who pays for what Fees in Escrow Condominiums as rentals? Condominiums can be the perfect purchase, or at least they will seem it. You will find condos in fantastic locations and that have wonderful views. You can get condos right in the city and you will never have to drive anywhere again. Many condos are kept in immaculate condition, their maintenance is excellent and it may be hard to spot any problems. There is one thing that you need to do, no matter what, in order to make sure that you and your investment- because that is what a condo is-are protected. Condos are controlled by Condominium Documents or CC & R's. It is the Homeowners Association that makes sure that all the rules are followed to the letter. Did you know that one of the rules that is often part of these documents is the rule that you cannot just rent out the condo whenever? You may only be allowed to rent it out once a year. This means that you will have to be very careful in choosing your tenants because if they leave after only a couple of months you will be out almost a years rent. Once you have chosen the condo that you wish to purchase you will have a little time to go through and approve all of the condominium documents, make sure that you get these way before the closing date. Your realtor can get these documents for you and you need to get them to your lawyer right away. He or she will need to go over them carefully to make sure that everything is in order. There is a good chance that you will not be able to make heads or tails of the documents. These are long and wordy documents and your lawyer is your best bet of making sense of everything. You cannot afford to not have these documents gone over since they could cost you money. If you let things go through much farther and you only then find out something is wrong it could get costly, all of the fees that you already spent could end up having to get paid all over again. You will be able to find out when the building will be set for a new roof, roughly, and these types of things matter because they will all play into the amount of rent you need to be charging. You have got to see the budget of the association. There are other things that wear out like the air-conditioning, the water systems, carpeting etc. Knowing what these expenses are and how much they should cost is the only way that you can plan for expenses that would otherwise have been unexpected. Finding out everything that you can will keep escrow from getting too complicated. You need to ask for these documents as soon as escrow is opened.