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Your question and the categories you chose make it look like something in your possession was repossessed on property that is part of a condominium complex.

With those facts as assumptions, your answer is:

  • Some of the complex is private property, some is common area and some is public.
  • With proper documentation, any asset can be repossessed. (It's a lender's right to reclaim assets in order to retire an unpaid debt.)

Here are the details you need to answer your particular question:

  • Please read your governing documents to determine where your 'private property', i.e., your unit boundary line runs. As well, you can find the definition of what parts of the complex are owned by all owners in common.
  • Your local tax assessor can help you understand what part of your complex is public.
  • Laws in different states govern access for repossession, so you need to understand those for your state.
AnswerA condominium property is private property in contrast to public property which is owned by the government or the community such as a park, highway, school or public library. Generally, the towns do not maintain the streets within a condominium project thus they are also private.
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13y ago
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7y ago

A condominium pool is located on privately owned land. Like any other pool on private property it is not open to the public.

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14y ago

private

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Q: Are condominium complexes private property
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Related questions

Is a condo private property?

Each condominium unit is the private property of its owner.The land enclosed within the boundaries of the condominium project or community is private property as regards the general public. No one who does not have an interest in the condominium has the right to use or enter the property.Exceptions would include such people as the owners' agents, employees, invitees, municipal workers, utility worker, postal workers, repair personnel, etc.


What is the difference between a private house and condominium house?

A private house is owned by an owner who also owns the land. A private house owner is responsible for the maintenance, upkeep and preservation of the private house and property. A condominium house is part of a larger community which is owned by all owners in equitable share, and the house being owned by an owner. A condominium house owner pays assessments to the association that operates the community. The board is responsibility for the maintenance, upkeep and preservation of all real estate assets owned by the community.


Who pays the property taxes for a condominium unit in Florida?

If Florida is like most other states, a condominium unit owner pays property taxes for the unit.


Do you pay property tax on a condo?

A condominium is a home; it exists on real property; most condominium owners pay property tax.You can check with your local county or provincial assessor to find the answer you want.


Is condominium unit considered real property?

Yes. A condominium is real property and is an estate owned in fee: The owner can sell it, leave it to a beneficiary in his/her will or the property will descend to their heirs at law if they die without a will. Fee simple is the maximum form of real property ownership. Generally, a condominium project is a form of fee ownership by which several owners share ownership of a building(s) by each owning their respective units. In addition to their unit, each owns a proportionate interest in the land that forms the condominium property and common areas of the condominium.


What is the Condominium Propert Act for State of Missouri?

You can follow the link, below, to read the condominium property act for the State of Missouri.


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.


Is private property always private?

Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.


What are the differences between townhouses and apartments?

A townhouse is a private residence, the occupant owns it either individually or through some other device. The term is synonomous with condominium. An apartment is leased to the occupant and is not his property.


Can you find property manager email addresses that deal with condominium associations in the US?

There are organizations in the US that specialize in community associations. Here are two:Community Associations NetworkCommunity Associations InstituteProperty managers that specialize in partnering with condominium associations are usually affiliated with an organization that treats owned communities differently from apartment complexes, because the property management processes and financial reporting formats are substantially different.There is no general email address list, but you may be able to find several in your locale by using the links, below.


Who pays for property insurance in a condominium?

In a condominium usually the board pays for property insurance on all common areas. An individual owner pays for 4 walls, the ceiling, the floor, the inside of the door, and everything in between.


How do you remove condominium property management?

Any manager for a condominium association is a vendor, usually under a contract. Read the contract to find the termination clauses.