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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.



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Special declarant rights include the rights to complete construction, maintain sales offices and model units, add or withdraw property from the condominium, assign limited common elements among the condominium units (usually including parking spaces and storage areas), and appoint and remove officers of the condominium's association and its board of directors.
 
 
 
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