Results for: Condominium

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What is a condominium?

The word condominium generally means sharing ownership with others. A condominium is legal arrangement whereby multiple owners share ownership of real property. A portion of t (MORE)

What is a Declaration of Condominium?

The recorded instrument that is sometimes called a Declaration ofCondominium is the legal document that actually creates acondominium development under relevant state law. I (MORE)

What are the elements of the condominium?

The elements may be the real estate assets of the association. When condominium 'elements' are defined in the context of a Reserve Study, the elements are assets for which r (MORE)

What is an underground condominium?

In all probability, this is a community that exists in a structure built or converted from another use, that exists below the surface of the land. It's also possible that it' (MORE)

What is a quorum in a condominium?

From Wikipedia, the definition of a quorum is: "A quorum is the minimum number of members of a deliberative assembly (a body that uses parliamentary procedure, such as a legi (MORE)

Where do you get a Condominium Declaration?

If you are developing a condominium project, you hire an association-savvy attorney who crafts the governing documents, based on state law that governs condominiums. When yo (MORE)

What if you do not have a quorum in a condominium?

Depending on the type of quorum required -- owners' quorum or board  quorum -- no business can be conducted legally if the required  quorum is not present or represented.  (MORE)

What types of condominiums are there?

Condominium is a form of real estate ownership -- a land-use  definition, and can be used by developers who develop single family  homes, multi-family dwellings, mixed use h (MORE)