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A stairwell that leads to a single upstairs unit; a deck outside a condominium accessible only by one unit; the roof area accessible only by the penthouse; assigned parking slots assigned to a single unit.
There are other examples of limited common areas unique to unique condominium communities, depending on their location in the world.
Examples of common property are the pool, the clubhouse, or the Golf course.
What else can I help you with?
Is an entry door to a condominium unit considered a common element?
It depends on your condominium governing documents, where you can find a list of assets owned as limited common elements, meaning assets owned in common for the benefit of a single or a single group of owners. Generally, in a high-rise condominium, for example, unit entry doors are considered limited common elements.
Can shared airspace be considered and easement?
If there is a shared area there must exist some sort of reciprocal easement such as in a condominium scheme.
Is the common area of condominiums considered public as far as the building code goes?
Common area is the terminology used to describe real estate assets owned by a common interest community, owned in common by all owners, as opposed to assets completed owned by individual member owners, such as their individual condominium units or homes.Since the common area real estate is owned by the association, of course the local building code applies, but the area is not, by definition, open to the public.
What is common area?
is the walkway on the roof considered a common area
Is a locker or storage in a condominium a common property or limited common property?
Read your governing documents to identify which definition applies to your particular locker or storage area. There is no standard.
Is wall sharing between owners of condo units consider to be common area?
Read your governing documents. In the index, look for 'Boundary Definition' or similar entry, which will answer your question.Every condominium unit is different; every state is different -- and condominium governing documents are based on individual state condominium laws.
Is a condominium considered commercial real estate?
Condominium is a form of real estate ownership, and may be commercial or residential.
Is condominium unit considered real property?
Yes. A condominium is real property and is an estate owned in fee: The owner can sell it, leave it to a beneficiary in his/her will or the property will descend to their heirs at law if they die without a will. Fee simple is the maximum form of real property ownership. Generally, a condominium project is a form of fee ownership by which several owners share ownership of a building(s) by each owning their respective units. In addition to their unit, each owns a proportionate interest in the land that forms the condominium property and common areas of the condominium.
Are pipes between the interior and exterior walls of a condo considered common area?
You can find the answer you want in your state's condominium law, where ownership default boundaries may be defined. Then, you can read your governing documents to determine whether the state's default boundaries have been adjusted by your declaration.Knowing this detail is important when insuring your condominium, because if you are responsible to repair damage to your unit caused by a pipe leaking or bursting, then having the appropriate insurance coverage is best.Every set of condominium governing documents is different; every state condominium law defines boundaries and ownership defaults differently.
Are the common areas included in condominium title search?
Yes. A title examination for a condominium unit covers the entire community. Any encumbrances that affect the common areas will be reported.Yes. A title examination for a condominium unit covers the entire community. Any encumbrances that affect the common areas will be reported.Yes. A title examination for a condominium unit covers the entire community. Any encumbrances that affect the common areas will be reported.Yes. A title examination for a condominium unit covers the entire community. Any encumbrances that affect the common areas will be reported.
Is the space between the two floors of a duplex condominium common area?
Read your governing documents to determine the line where your ownership stops and where the ownership by common area or limited common area, the association's ownership begins.Usually, individual ownership begins 'at the studs', 'at the skin', 'at the paint' or some other properly described line of demarcation.
Is a lawn considered a common area in condominiums?
Read your governing documents to determine the extent of the lawn common area under management of the association, and which, if any, portions of lawn are under the care and maintenance of individual owners. There is no standard.
