Condominium Common Element For Fraternities And Sororities In Dallas

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

Description

The Master Deed establishes a condominium project for fraternities and sororities in Dallas, defining rights, responsibilities, and common elements associated with the property. It outlines the General Common Elements, such as roads and utilities, and the Limited Common Elements, including private driveways and docks. The developer has the authority to modify units and common areas, reflecting flexibility in future development. Key filling and editing instructions emphasize accuracy in the legal description and adherence to the provisions of the applicable Condominium Act. This form is particularly useful for attorneys and legal professionals who manage real estate transactions, partners, and owners looking to understand their rights and obligations, as well as associates and legal assistants who may assist in drafting or modifying condominium documents. It promotes clarity on maintenance responsibilities, usage rights, and procedures for making amendments. The document is user-friendly and compliant with legal standards, ensuring stakeholders navigate condominium governance effectively.
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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

Section 82.111 - Insurance (a) Beginning not later than the time of the first conveyance of a unit to a person other than a declarant, the association shall maintain, to the extent reasonably available: (1) property insurance on the insurable common elements insuring against all risks of direct physical loss commonly ...

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.

Residential inium, the Common Elements may include the land, the exterior and common areas of buildings (entranceway, halls, elevator, meeting room, etc.), landscaping, roads, any outside parking areas, outdoor lighting, any recreational facilities (swimming pool, tennis courts, clubhouse, etc.)

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.

Common elements are owned in undivided shares by all inium unit owners as tenants in common and include portions of the inium shared or used in common by the inium's residents. Examples of common elements are: Building structural components and systems. Lobbies.

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Condominium Common Element For Fraternities And Sororities In Dallas