Results for: Condominium

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)

How do you get a condominium?

You buy one. Or you might inherit one. Or you might receive one in trade.. In any event, in order to own a condominium, the deed to the real estate must be in your name.

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 (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 i (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 l (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 boardquorum -- no business can be conducted legally if the requiredquorum is not present or represented. In extr (MORE)

What types of condominiums are there?

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