Is condominium unit considered real property?

Answer Yes. You can obtain a mortgage on a condominium unit, you can dictate its disposal in your Last Will and Testament, and you can deduct its property taxes on your tax returns.

Top Q&A For: Is condominium unit considered real property

Is the roof over a single unit in a multiple unit condominium considered common property?

Read your governing documents to determine the line that separates what you own as a unit owner -- individually -- and what you own in common with all other owners. This may include limited common ... Read More »

You are separated if you purchase a condominium with your own earnings will the condominium be considered marital property?

Any answer must depend on the marital property laws in the state where you live/ claim residence, and any property agreements made in your separation documents.Your lawyer will give you a correct a... Read More »

Who pays the property taxes for a condominium unit in Florida?

If Florida is like most other states, a condominium unit owner pays property taxes for the unit.

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 grou... Read More »