Condominium Common Element For Sale In Alameda

State:
Multi-State
County:
Alameda
Control #:
US-00454
Format:
Word; 
Rich Text
Instant download

Description

The Master Deed establishes a condominium project in Alameda, detailing the legal framework for the property and its common elements. This document outlines the developer's intention to create a residential condominium project governed by state laws, specifically the Condominium Act. It defines common elements, such as roadways, landscaping, utilities, and limited common elements like docks and beaches, highlighting the responsibilities for maintenance and use among co-owners. The form guides users on filling out specific articles regarding unit descriptions, percentages of value, and provisions for modifications. It serves attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for establishing ownership rights, responsibilities, and the governance structure of the condominium, ensuring compliance with legal stipulations. Comprehensive instructions enhance usability, making it an essential tool for those involved in real estate transactions and housing developments.
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  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development

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FAQ

Final answer: The incorrect statement about a inium is that owners usually cannot sell or sublease without other owners' approval.

Definition of common elements in a inium, those portions of the property not owned individually by unit owners but in which an indivisible interest is held by all unit owners. Generally includes the grounds, parking areas, recreational facilities, and external structure of the building.

Kitchen appliances within the units are not considered part of the common elements of a inium project since they are typically owned and maintained by individual unit owners. Swimming pools and greenbelt areas are examples of common elements as they are shared facilities within the inium project.

Every contract, whether simple or complex, is considered legally enforceable when it incorporates six essential elements: Offer, Acceptance, Awareness, Consideration, Capacity and Legality.

Common Elements of the inium Corporation are the land and structures in the inium Corporation other than the units themselves, such as the exterior landscaped areas, recreational facilities, parking garage, hallways, elevators, corridors, public washrooms, lobby areas, driveways, garbage rooms, electrical ...

A Common Element inium is comprised solely of common elements such as a private road, parking spaces, mailbox pad, play area and any other common elements and do not include dwelling units/lots.

Definition of common elements in a inium, those portions of the property not owned individually by unit owners but in which an indivisible interest is held by all unit owners. Generally includes the grounds, parking areas, recreational facilities, and external structure of the building.

A common element is defined as all portions of the property except the units. Examples of common elements include fitness centers, elevators, lobbies, walkways, lighting in common hallways, garbage collection areas, swimming pools, landscaping, club houses, and more.

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Condominium Common Element For Sale In Alameda