Lookup Value?: Condominium
From Lookup Field?: CommonInterest Lookups
Ownership of an individual unit where each homeowner only owns their individual unit space, and an undivided share in the ownership of common areas or in a common homeowner’s association (HOA). Generally, the ownership of the individual unit is described in a Condominium Plan and usually consists of ownership of the surface of the walls and the space within. The CC&Rs will detail what building components and other complex amenities are considered part of the common area and will describe the common area or HOA ownership percentages, and maintenance responsibilities.
Lookup Status Change Date?: Aug 09 2017
Revised Date?: Oct 24 2016
Added in Version?: 1.6.0
Spanish (Lookup Field)?: InterésComún
Spanish (Lookup Value)?: Condominio
Page Revision Date: Nov 02 2017
Form: LookupValue