Does the owner of a condominium also owns the land on which it is built?

Answer AnswerCheck the language on the deed of trust. Usually, all of the owners own the land and parts of the building in common, so no one individual has the right alone to decide anything about it.

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Who owns land on which condominium?

Depending on the details contained in the master deed, the land may be owned by all unit owners in common, or may be owned in a different way. Read your governing documents to determine how the la... Read More »

Who owns the land in a commercial condominium?

In a commercial condominium, land is shared by the people who own individual units within the complex, according to the Business Real Estate Ownership website. Other shared elements in a commercial... Read More »

A condominium a sinking fund to accumulate 250000 in 3 years The fund earns 9 interest pa compounded monthly If there are 200 units in the condominium how much each owner unit will payeach month?

Each unit owner will be required to pay $26.69 monthly for 3 years or 36 payments.. That amount of money will accumulate to $213,802 in those t3 years at a 9% compounded rate, or $36,198 in accumul... Read More »

Who is the owner of a condominium?

The owner of a condominium is the person or entity listed on the records of the local municipality. This owner owns the interior portion of a property, bounded by the line described in the associa... Read More »