Almost have to just start muscling through the first deal to learn.

Gifting is legal, but has to be properly declared to the IRS. 

To determine what amount you will need, consult the Bylaws and Declaration of the Association. 

Would've been nice if the courts declared some simple rules.

Thank you for confirming I have been treating them correctly.I write a couple per year and have been declaring the Option Consideration in the year the Option is exercised or terminates/expires.   

Now you can flex your muscles at your hubby and I bet your tenant is a bit embarrassed.  

The Condo Bylaws and Declaration are normally the documents that give the details on what, you as the unit owner, are responsible for and what the Association is responsible for.  

I suppose they could withdraw the Certificate Of Occupancy, or if one was never issued, they could declare the property 'unlivable' and force you to get it permitted and brought up to code.What a mess!

I'm also pretty sure some of our tenants think we might be backed up with Russian mafiya muscle.

Her daughter would have to petiion the court to have her mother declared incompetent and then the court might retain some control over the management of her assets.