0
A common area is defined as a real estate asset that is usable by all members of the community, and is owned in common by all owners.
At least one sub-definition is limited common area, meaning that the element is useful for some, but not all, owners. It is also owned by all owners and is maintained by the association using funds paid in assessments by all owners.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is under a condo a common area meaning the concrete slab of the bottom unit as well as pipes etc?
Your answer is available in your governing documents, where you will find the definition of what is owned in common.
What do you call the space between condo units?
Usually, this area is called common area of some kind.
Is the walkway on the roof that residents living on the roof use to enter there condo a common area?
is the walkway on the roof (which the 4th floor residedence use to reach ther condo) common are to all residents
What is the definition of condo sensation?
'Condo sensation' is a marketing term that aims to entice your purchase.
What is the definition of a condo?
There are several. You can read more on Answers.com, below.
What is meant by a partial common element in a condo unit such as a radiator valve?
Generally, real estate assets in condominium communities are designated as common area, limited common area, or private. Your governing documents give you the boundary definitions for your community and its ownership guidlines. A radiator valve may have its own designation -- partial common element -- which requires a definition within the governing documents. Otherwise, your association attorney can define this term for you.
Are back porches a limited common area in a condo?
There is no standard. Read your governing documents to determine the ownership status of a back porch.
In Virginia is an outdoor patio consider part of the condo or is it common grounds?
Read your governing documents. Look in the index for Unit Boundaries.Also, look for the definition of limited common areas, which may cover your outdoor patio.
Is the door sill threshold common area in a condo?
Read your governing documents to determine who owns the threshold. Look in your declaration for a section on boundaries. The threshold may not be included in the list, in which case, petition your board for a more complete definition of doorways, so that the ownership of the threshold is clear.
What is the definition of sensation?
'Condo sensation' is a marketing term that aims to entice your purchase.
Definition of the word community?
the people with common interests living in a particular area; broadly : the area itsel..
Is wall sharing between owners of condo units consider to be common area?
Read your governing documents. In the index, look for 'Boundary Definition' or similar entry, which will answer your question.Every condominium unit is different; every state is different -- and condominium governing documents are based on individual state condominium laws.
