What are the elements of the condominium?

Answer 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 reserve dollars are set ... Read More »

Top Q&A For: What are the elements of the condominium

Are the walls located between two condominium units considered common elements?

Read your governing documents to understand the line between what you own individually and what you own with all other owners.The line is usually described as 'the skin', 'the wallboard', 'the stud... Read More »

Are limited common elements at condominium complex considered private?

Your answer depends on what 'private' use you expect of the limited common area that is dedicated to your unit. Limited common areas are subject to inspection by the association or its agents, main... Read More »

Would a dock that is attached to a condominium with boat slips which are deeded to individual owners of units in condo be part of the common elements?

Read your governing documents to determine the ownership status, the maintenance responsibility and the other pertinent details associated with the boat slips in your community.

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 »