The road to homeownership hell

BDHOMEOWNERSHIP

Real estate or investment property forms a significant portion of many organisations' overall investment portfolios. FILE PHOTO | SHUTTERSTOCK

Last week, I wrote about the role of resident associations in our lives. The vast majority of urban dwellers today live in a community of some kind, be it apartment blocks, maisonettes or townhouses.

I closed off my piece by asking: how could the Mexican standoff that I narrated, between a vacating tenant, a landlord who had not paid the resident association fees and the management company have been avoided?

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Note: The results are not exact but very close to the actual.