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You can find the answer you want in your governing documents, and in your state's condominium law.

The state can define the border between a unit owner's property and property owned by all owners, in common. The governing documents may amend, alter or change these default definitions.


In addition to owning at least the space where you live -- however your ownership boundaries are described -- you own, with all the other owners, the common areas and limited common areas in the community.


Depending on your governing documents, you will pay property taxes on some portion of the condominium property you own, up to 100%.

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Q: Does condo ownership only include the inside the unit from wall to wall and ceiling to floor?
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Does condo ownership only include inside the unit from wall to wall and ceiling to floor?

You can find the answer to your question in your governing documents where the ownership parameters are defined.Look for definitions of ownership, including:UnitLimited Common AreasCommon AreasEvery condominium community and its governing documents is different from every other condominium community and its governing documents.


Who is responsible for mold removal costs in condo attic roof?

It depends on who owns the attic roof (ceiling?), and who has mold insurance. Read your governing documents to determine ownership, and then work with your board to determine who pays for mold removal.


What's the difference between a condo and a duplex?

The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.


Who pays for replacing an outdated electric fuse box on a condo?

If the fuse box is inside the condo then the condo owner pays


Is a townhouse like a condo?

A little, but they are different. A townhouse is usually a row house, one of several attached buildings. They may have completely separate ownership. A condominium ("condo") is often more like an apartment but essentially it is a residence that is part of a group that has shared management and maintenance. The condo owner is responsible for inside the walls the a Home Owners Association (HOA) is responsible for the outside and the grounds. The condo owner will pay a monthly fee to the HOA for this work.


Can you claim condo fees you have not paid?

Probably not. Just as you can't claim ownership of property to which you have no title.


How do you hook up sound system components in condo with 6 room ceiling speakers already installed?

You don't.


Is leaking pipes inside the wall covered in condo insurance?

Typically, the coverage for leaking pipes inside a condo's walls can be a bit complicated due to the unique nature of condo ownership. Insurance coverage in condos is generally split into two parts: condo association insurance (also known as "master policy") and individual condo owner's insurance (HO-6 policy). The condo association's policy often covers parts of the building structure, which could include pipes inside the walls. However, it can also depend on the specifics of your condo association's master policy and whether they have an "All In" or a "Bare Walls-In" coverage. An individual condo owner's insurance might cover the damage to personal property and any improvements made to the unit, like upgraded kitchen appliances. Essentially, whether or not a leaky pipe inside the wall is covered depends on where the pipe is located (common area vs. within your individual unit), who is responsible for its maintenance (as outlined in your condo by-laws), and the details of both insurance policies. At Daisy, we've learned that understanding your condo documents and insurance policies is fundamental to knowing what is and isn't covered. It's always advisable to consult with your insurance provider or a lawyer to fully understand your coverage.


Where can one find information on condo insurance?

Condo insurance can be purchased at the same places that sell homeowners insurance and will cover the costs of your property inside your condo and will pay for damages incurred.


How do you find out who Owns a condo?

Your local hall of real estate ownership records will have the information you need: this data is of public record.


Show you a picture of a condo?

There is no standard for a condominium: condominium is a form of real estate ownership. It can apply to mooring slips in a marina, warehouse complexes, suburban developments that include free-standing homes, high-rise residences and so forth.


What would it cost to rent a condo Lake Chapala or in other areas of Mexico where Americans winter?

There are several ways to rent or buy a condo in Lake Chapala. If you want to visit for a month you can find an apartment to rent anywhere from $600 - $1000 USD a month. There is currently a development that offers Condos as a "Fractional Ownership" starting at $30,000 USD. What this means is you can buy a 2,3,4 month... fraction of a condo and own it for that period of time, titles to your name. Here is an example of a condo available in Ajijic based on Fractional ownership