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My Home Group Real Estate, LCH. O.A. CONDOMINIUM /
PLANNED COMMUNITY ADDENDUMREAL SOLUTIONS. REALTOR SUCCESSDocument updated:
February 2007The preprinted portion of this form has been drafted by the
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What is condominium?
Condominium is a type of housing where a specific part of a piece of real estate is individually owned, while the use of and access to common facilities like hallways, heating system, elevators, etc., is executed under legal rights associated with the individual ownership.
Who is required to file condominium?
Developers or owners of buildings with multiple units that are individually owned and share common spaces are required to file condominium documents.
How to fill out condominium?
Condominium documents can be filled out by providing detailed information about the individual units, common areas, bylaws, and other relevant information as required by local laws.
What is the purpose of condominium?
The purpose of a condominium is to provide individual ownership of unit(s) within a multi-unit building or complex while sharing common spaces and facilities with other owners.
What information must be reported on condominium?
Information such as unit descriptions, common area descriptions, bylaws, rules and regulations, maintenance plans, financial statements, and any other required documents must be reported on condominium.
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