What do you own when you buy a condominium?

Answer Read your governing documents to identify the border between what you own in your unit individually and what you own outside your unit in common with all owners. You may find that the border is 't... Read More »

Top Q&A For: What do you own when you buy a condominium

When was the declaration of condominium of oceanquest condominium recorded?

You can find the answer you want in your local hall of records where the Oceanquest Condominium is located.

What are the consiquences of a Condominium Association putting a lien on your condominium home in Ohio?

If Ohio is like most other states, the recorded lien effectively clouds your title, so when you attempt to sell the unit, the lien shows up in the title search. As owner, the lien may also appear o... Read More »

What is the difference between a condominium unit and a condominium phase?

A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells... Read More »

What happens when a lien on a condominium is not paid and then it is taken to court?

Real Property Liens A lien encumbers the named property until it is paid or satisfied.In most cases the property cannot be transferred, sold or refinanced unless an agreement is reached with the li... Read More »