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Generally, bare land condominium is a term used in jurisdictions such as Alberta, Canada. A condominium plan is registered that subdivides bare land into separate smaller lots. A developer then constructs buildings on the parcels that may consist of multiple units or townhouse style units. The master lot is not common property as in a traditional condominium. There may or may not be common land included in the plans.
In a bare land unit you buy the land and anything built on it. Many of the structural features such as roof, foundation, exterior walls, driveway, some landscaping, etc., must be maintained by the unit owner. Those obligations can be transferred to the condominium through by-laws. However, there can be much variation in bare land projects and you need to check the legal status of bare land condominiums in your particular jurisdiction and then review the particular project for details.
If you contemplate a purchase you should be represented by an attorney who specializes in real estate and condominium law in your jurisdiction.
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Do you say the land was bare or the land was bear?
it's said "the land was bare"
What is the definition of condominium?
A condominium is ownership in common with others whereby multiple owners own separate units in a structure (or structures) and a proportionate interest in the land and common areas.
When was the Oceanquest Condominium declaration of condominium signed?
You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.
What is the declaration number for a condominium?
You may be referring to the filing number for a condominium declaration, which you can find in the local hall of records, the land-use office.
Can you sell a condo unit in NYS without condo declaration being recorded?
No, in New York State, you cannot sell a condo unit without the condo declaration being recorded. The condo declaration is a legal document that establishes the rights and obligations of condo owners and is necessary for the sale of the unit to occur. Recording the declaration protects the rights and interests of all parties involved in the condo transaction.
How do you find the title for a condominium unit in Alberta Land Titles?
To find the title for a condominium unit in Alberta Land Titles, you can visit the Alberta Land Titles office website and perform a search using the legal description or the parcel identifier of the property. You can also visit the Land Titles office in person and request the title search for the specific condominium unit.
How tall is a condo?
A condominium building may be as tall as local land-use allows.
Do you own land when you own a condominium?
You don't own any particular plot of land as an individual. You own a percentage interest in all the land in the condominium project along with all the other unit owners. That percentage is recited in the deed for each unit. You own a shared interest in the common areas and that includes the land.Generally, a condominium is a distinct form of ownership in the U. S. (and other countries) whereby an individual owns a unit and shares joint ownership of the common areas with the other unit owners, which includes the land. In addition to owning your own unit of a condominium building in fee, you would also be part owner of the land upon which the condominium is constructed.For example, a typical Massachusetts condominium deed would state: "Unit #2 of the Old Mill River Condominium together with a .05% interest in the common areas and facilities." That owner would own a .05% fee interest in the common areas along with the land encompassed by the condominium project. Similar language is used in other jurisdictions.For a discussion of what you own when you own a condo unit in the State of Washington see the following:http://www.ticorblog.com/blog/condo-or-co-op-whats-the-difference/See also the following related question discussing the difference between condominium units and townhouse units:Does_a_townhouse_own_the_land_beneath_it_whereas_a_condominium_owners_own_only_the_unit_plus_a_part_of_shared_common_grounds_and_amenities
Do zero lot line organizations fall under the Condominium Act?
Read your governing documents to determine the land-use covenants that apply to your property. It could be a home owners association or a condominium. Most states have separate codes for separate land-uses.
How do you find out legally if an apartment style condominium has a garage?
You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.
What is a condominium slip?
According to the Fairfax (Virginia) Yacht Club:"A condominium slip is similar to an apartment condominium in that the owner receives a deed (which is insurable and recorded in the County Land Records) which carries with it the exclusive right to the use of the slip (the slip is owned by the owner and not rented or leased from the marina)."
Can a condo unit be sold before a declaration of condominium is filed?
Personally, I would not buy a condominium unless my review of the complete declaration was finished. Otherwise, you (and I) have zero idea about the community you're (I'm) buying into. Whether or not it can be sold may be a local legal issue. See your state condominium statute.
