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limited common elements |
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limited common elements In a condominium project,individual owners own the airspace within their exterior walls,the ceiling,and the floor of their unit.Everything else is owned in common with all other owners in the project.The theory requires some modification because things like balconies, front doors, and windows really provide benefit for only specific unit owners. There may also be assigned parking places, boat slips, or storage lockers. Such things are called limited common elements and must be defined in the condominium documents. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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