What is it called when you own a condo?

Private Condo Or Private Own Apartment A private condo, or a private own apartment, is owned by its respective unit's landlord. Typically, these types of condos are rented out to tenants, but they differ from standard apartments.

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Master Deed for Plan of Ownership for Condominium with Multiple...

King Washington Master Deed for Plan of Ownership for Condominium with Multiple Residential Buildings

Name: King Washington Master Deed for Plan of Ownership for Condominium with Multiple Residential Buildings
Brand: US Legal Forms
Rating: 4.56 (490 reviews)

Category:

Real Estate - Condominiums

State:

Multi-State

County:

King

Control #:

US-13371BG

Format:

Instant download

Description

This form is a master deed for plan of ownership for a condominium with multiple residential buildings. A condominium is a form of housing where an individual own a space, but there is undivided interest over common facilities.

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How to fill out King Washington Master Deed For Plan Of Ownership For Condominium With Multiple Residential Buildings?

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FAQ

Massachusetts has detailed rules related to the establishing of a condominium and the responsibilities of all parties involved, including the board, the owners of individual units, and their tenants.

A horizontal property regime allows units within one building to be sold and owned separately and owners of those units to own a common right in common areas of the building and property.

Parts of a property that are necessary or convenient to the existence, maintenance, and safety of a condominium or are normally in common use by all the condominium residents. Each condominium owner has an undivided ownership interest in the common elements.

Condominiums exist in commercial real estate settings, such as office condominiums, and in other residential forms, such as condominium townhouses. A condominium is a form of ownership, not a type of building.

The two most common types of real estate ownership are "Condominium" and "Fee Simple". Here are the specific definitions for each: Condominium: The seller owns the interior of a unit but shares an ownership interest in the land and common areas with other owners in the building.

The South Carolina Horizontal Property Act, S.C. Code Ann. §§ 27-31-10, et. seq, (1976 Code, as amended) governs the formation, management, powers, and operation of horizontal property regimes that expressly elect to be governed by the Act by recording a master deed (or Declaration).

Private Condo Or Private Own Apartment A private condo, or a private own apartment, is owned by its respective unit's landlord. Typically, these types of condos are rented out to tenants, but they differ from standard apartments.

A Horizontal Property Regime (HPR) is a zoning policy which essentially allows for two new houses to be built on a piece of land that was previously zoned for just one house.

Perpetual Ownership, meaning you own your unit, has a right to common areas, has a co-ownership of the condominium land or lot area of the project for a lifetime.

What Is a Condominium? A condominium is a form of property ownership involving multiple-unit dwellings where a person owns his or her individual unit, but the common areas are owned in common. All members share in the costs and maintenance of the common areas.

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515B.2-103, CONSTRUCTION AND VALIDITY OF DECLARATION AND BYLAWS. LexisNexis® New Jersey Annotated Statutes > Title 46.1803When a fuffi- there are gained at least , two hours , during which , all RANELAIGH MASQUERADE . - T ET DEFESERVAKS . Hawaii Real Estate Deed Information. You can enjoy a home for one month of a year and only pay for a time you use the property. 1859This day , in 2 vols .

King Washington Master Deed for Plan of Ownership for Condominium with Multiple Residential Buildings

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What is the Massachusetts condominium Act?

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What is the South Carolina Horizontal property Act?

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