The boundaries of a bare land condominium are defined in relation to the land, instead of to a structure or improvement on the land. A building that is constructed on a bare land unit is considered pa [..]

Each condominium has a board of directors that is elected by, and generally made up of, the unit owners. The board is responsible for administration and management of the condominium corporation, incl [..]

Bylaws govern how a condominium corporation is run. They frequently cover matters such as the election and duties of the board of directors, how meetings are conducted and the collection of condo fees [..]

In some jurisdictions, if an owner does not pay his or her condominium fees, the condominium corporation can file a caveat against the unit’s title. The caveat is a legal notice that another party is [..]

A chattel is a piece of personal property that can be moved, such as a refrigerator. In contrast, real property, such as buildings and land, cannot be moved.

Common elements or common property are the portions of the condominium that are not owned by a unit purchaser as part of his or her individual unit. They are co-owned and generally shared by all the i [..]

In some jurisdictions, the developer of a new condominium must provide you with a disclosure statement before the agreement of purchase and sale is binding. The statement includes, among other things, [..]

Most jurisdictions require condominiums to issue information packages to prospective buyers. This package can contain the declaration, bylaws, rules and regulations, insurance information, reserve fun [..]

Owners of freehold condominiums typically own their unit — such as a house or townhouse — as well as the land it’s on. They are usually responsible for the care and maintenance of their entire propert [..]