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Your governing documents will specifically define any garage and its ownership parameters within your community.
- Your garage may be an open bay garage, owned by and with casual access by all owners. You may have an assigned parking stall, which is a limited common area tied directly to your unit number, and bought and sold as such.
- Your garage may be an enclosed, attached garage, which is another kind of limited common element: dedicated for your use and maintained by the association.
- Your garage may be a covered parking strip, again with either casual parking or assigned parking slots.
In condominiums, garages are rarely privately owned, but could be, depending on the physical structure of the condominium unit.
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Is the spring attached to an automated garage door considered part of the common area of a condominium?
Theoretically, yes.However, depending on why the spring's status is in question, it may be that replacing or repairing the spring is the responsibility of an individual owner.During regular preventative maintenance tasks for the garage door, the spring, which is integral to the operation of the automated garage door, is maintained as a commonly owned asset.
Is the attached garage of a townhouse common property of a condominium?
Depending on what's written in your governing documents, an attached garage may be a limited common element, that is owned in common, but available to not all owners, owned outright by the unit owner or a common element. Read your governing documents to determine how your attached garage is owned. There is no standard.
What part of speech is condominium?
"Condominium" is a noun. A noun is a person, place, or thing.
How do you determine the price of a condo and what part does the area play in the pricing of a condo?
Condominium ownership implies that according to the land-use documents on file in your county hall of records, all owners own areas in common, and individual unit owners own space inside a line drawn somewhere in or on the walls of each unit. If you're pricing your condominium, the price you ask includes the space defined for your unit and all the common area owned -- in common -- with all other owners. As an individual seller, you have no option to include or exclude common areas from the purchase. You can work with a local condominium-savvy real estate agent to help you establish a range for your property, given comparables in the local market.
Is painting part of common area maintenance?
Yes, painting is part of common area maintenance. This is done in cases of people moving out of apartments and such.
Is a lawn considered a common area in condominiums?
Read your governing documents to determine the extent of the lawn common area under management of the association, and which, if any, portions of lawn are under the care and maintenance of individual owners. There is no standard.
What qualification do you need to be a garage owner?
Since you chose '...associations' as your category, one must assume that you want to own a garage that is part of a condominium, a co-op or a home owners association. Unless the association specifically sells garages as primary investment or ownership options -- this will be clearly stated in the governing documents -- ownership of a garage usually goes along with unit ownership. Read the governing documents to more fully understand the qualifications required to own a garage.
Do you own land when you own a condominium?
You don't own any particular plot of land as an individual. You own a percentage interest in all the land in the condominium project along with all the other unit owners. That percentage is recited in the deed for each unit. You own a shared interest in the common areas and that includes the land.Generally, a condominium is a distinct form of ownership in the U. S. (and other countries) whereby an individual owns a unit and shares joint ownership of the common areas with the other unit owners, which includes the land. In addition to owning your own unit of a condominium building in fee, you would also be part owner of the land upon which the condominium is constructed.For example, a typical Massachusetts condominium deed would state: "Unit #2 of the Old Mill River Condominium together with a .05% interest in the common areas and facilities." That owner would own a .05% fee interest in the common areas along with the land encompassed by the condominium project. Similar language is used in other jurisdictions.For a discussion of what you own when you own a condo unit in the State of Washington see the following:http://www.ticorblog.com/blog/condo-or-co-op-whats-the-difference/See also the following related question discussing the difference between condominium units and townhouse units:Does_a_townhouse_own_the_land_beneath_it_whereas_a_condominium_owners_own_only_the_unit_plus_a_part_of_shared_common_grounds_and_amenities
What does perimeter and area have in common?
One thing that area and perimeter has in common is that they both measures some part of a shape
Is a crawlspace under a condominium considered part of the condo unit?
Please review your governing documents -- your CC&Rs, to discover the boundary definition for your unit. Look for the section with boundary in the title. There is no standard: every condominium is different from every other condominium.
What is condo unit?
A condominium unit is the space available for ownership as defined by the land-use documents for the condominium association filed in the local court house. The unit may be defined as land, moorage, a townhouse, a suite, an apartment, a single family dwelling, part of a duplex or other enclosed area for which an owner holds a deed.
Where do you use commas in a sentence containing the following sentence part Three story 91000 square foot condominium complex?
Three story, 91000 square foot, condominium complex?
