Tag: insurance

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“Association” meanshttps://www.house-o-rock.com along with any entity answerable for the operation of frequent parts owned in undivided shares by unit homeownershttps://www.house-o-rock.com any entity which operates or maintains other actual property during which unit house owners have use rightshttps://www.house-o-rock.com where membership in the entity is composed completely of unit owners or their elected or appointed representatives and is a required situation of unit possession. Freehold condominium developments point out that the developer owns the land the models are on. The key distinction between freehold condo developments and traditional condo buildings is that house owners are liable …

The share within the frequent components appurtenant to a unit can’t be conveyed or encumbered except along with the unit. Membership within the affiliation designated within the declarationhttps://www.house-o-rock.com with the total voting rights appertaining thereto. The clerk of the circuit court recording the declaration couldhttps://www.house-o-rock.com for his or her conveniencehttps://www.house-o-rock.com file the displays of a declaration which accommodates graphic descriptions of improvements in a separate guidehttps://www.house-o-rock.com and shall indicate the place of filing upon the margin of the record of the declaration. All provisions of the declaration are enforceable equitable servitudeshttps://www.house-o-rock.com run with the landhttps://www.house-o-rock.com and are efficient until the condominium is terminated. Defects or omissions within the bylaws shall not have an result on the validity of the condominium or title to the condominium parcels. “Unit owner” or “owner of a unit” means a report proprietor of legal title to a condominium parcel.

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