What can best explain how a condominium is owned?

Answer A unit owner owns the space contained with the boundaries of a unit. The governing documents are clear as to the location of the boundary: the paint, the studs, the drywall, etc. There is no standa... Read More »

Top Q&A For: What can best explain how a condominium is owned

How is a condominium owned?

Condominiums are owned according to the governing documents, where an owner can find the line that separates what is owned individually from what is owned in common with all other owners. In addit... Read More »

Is Bluegreen Wilderness Club at Long Creek Ranch Condominium Resort owned by Bass Pro?

You can visit the hall of records, the tax assessor's office, to determine ownership of the property.

Is the land under the condo unit owned by the unit buyer or the condominium corporation?

Read your governing documents to determine what is owned by individual owners and what is owned by the association.

Does an elevator which exclusively serves two separately owned apartments on the third floor of a three story condominium building provide service to a single family dwelling?

Your question is complex. First, the elevator serves owned apartments in a condominium building. Then the elevator may be known as a limited common element.Since the elevator serves both units, the... Read More »