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A declaration -- dec -- for a condominium association, properly the Conditions, Covenants, Reservations and Restrictions -- CC&Rs -- is a land-use document generated by the developer of the association's real estate assets.
Initially, it may be part of a Public Offering Statement that initial buyers receive. Over time, it may be amended, which amendments must be filed in the local county land-use office before becoming effective.
It is one of several 'governing documents' that set forth the agreements unintentional partners make with each other when buying a condominium unit.
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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 is the declaration number for a condominium?
You may be referring to the filing number for a condominium declaration, which you can find in the local hall of records, the land-use office.
Can you sell a condo unit in NYS without condo declaration being recorded?
No, in New York State, you cannot sell a condo unit without the condo declaration being recorded. The condo declaration is a legal document that establishes the rights and obligations of condo owners and is necessary for the sale of the unit to occur. Recording the declaration protects the rights and interests of all parties involved in the condo transaction.
Can a corporation own a condominium and lease it under a family lease restriction?
The answer you want is based on the legal documents involved, which may include the family lease restriction language and the condominium's rental language contained in the CC&Rs for the association.
Can a condo unit be sold before a declaration of condominium is filed?
Personally, I would not buy a condominium unless my review of the complete declaration was finished. Otherwise, you (and I) have zero idea about the community you're (I'm) buying into. Whether or not it can be sold may be a local legal issue. See your state condominium statute.
Do zoning regulations take precedence over minimum rental periods spelled out in Declaration of Condominium?
You can take the condominium declaration and its rental options to the local-land-use zoning officer, and that officer can help you determine the answer to your question.Every municipality may have a different set of guidelines and zoning regulations that cover local condominium units and their use.The governing documents' rental period restrictions are in place to preserve the use of the commonly owned assets, which you own. This restriction is part of what maintains the resale value of your unit, which you also own.
Does the Declaration of ownership extend beyond the sale of the Condominium units?
Once you purchase a condominium unit, whether you are its first owner or subsequent owner, the condominium declarations will always be in force.
Who do you get a Condominium Declaration from?
You typically get a Condominium Declaration from the developer or the property management company of the condominium complex. It is a legal document that outlines the rights and responsibilities of the condominium owners and the rules and regulations of the complex.
Where can you get a recorded condominium declaration?
Your local hall of land-use records is where condominium declarations are filed and thus recorded: you can get a copy there. If you are interested in purchasing a unit in a condominium association, the real estate agent will be able to obtain a copy of the declaration, and copies of all other governing documents, from the association. You can expect to pay for all copies you request.
Can a condo association in the State of Maine require all new buyers to be owner occupied residents?
Yes. You need to review (or have an attorney review) all the governing documents that affect the condominium. That restriction could be in the original master deed, declaration, scheme, or rules and regulations or it could have been added later if the right to make amendments was reserved. A condominium community can be created to be owner occupied only.
How do you rescind a declaration of condominium?
If you mean you want to neutralize the declaration, this may not be possible except in the case of a disaster: flood, fire, earthquake and so forth that destroys all the real estate assets and makes it uneconomical to repair them.Your governing documents may provide for a dissolution of the association, given a disaster.Otherwise, you can also read there how to modify or amend your declaration and the required number of voting percentages required in order to accomplish this change.Another PerspectiveEvery state has a condominium law. When a condominium is declared its sponsor makes it and its base tract subject to the state condominium law. The provisions for terminating a condominium are set forth in the statute and generally involve the assent by all the owners. In some cases all the units in a failed condominium are acquired by a single owner and that owner can withdraw the property from classification as a condominium. Such projects are converted into rental properties. You need to check the law in your state.
Where do you get a Condominium Declaration?
If you are developing a condominium project, you hire an association-savvy attorney who crafts the governing documents, based on state law that governs condominiums. When you purchase a condominium, by law you are entitled to copies of all your governing documents. (In Washington State, these documents are packaged in the Resale Certificate.) If you own a condominium, and your copies are lost, your association manager can provide you with copies, which you pay for. If you are interested in buying a condominium, again, you can purchase copies of the governing documents, most of which are public record.
