Uniform Condominium Act UCA: A “condominium” is real estate, portions of which might be designated for separate ownership and the rest of which can be designated for widespread ownership entirely through the owners of People portions.
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Condominium Ownership Act Every unit owner owns an undivided percentage curiosity inside the common things equivalent to that set forth during the declaration. Besides as specifically delivered During this chapter, all frequent elements shall continue to be undivided.
(a) Which owns and maintains specific home within the planned community for your frequent use or reward, or each, on the owners of units within the planned Local community;
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Serious estate just isn't a condominium Except the undivided pursuits while in the common aspects are vested during the unit owners. Any authentic estate improvement consisting solely of clustered, detached, solitary family residences is not really a condominium, Unless of course so selected in the declaration.
. “Unit ownership estate” indicates the ownership of single models in the multi-unit building alongside one another with an undivided desire while in the typical elements.
Condominium Act -relates to condominiums developed on or after one/1/eighty three Actual estate, parts of that happen to be specified for separate ownership and the rest of which can be selected for typical ownership entirely from the owners of Those people parts less than a declaration, or an amendment to your declaration, duly recorded pursuant to this Act.
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