What does "limited common element" mean?

Limited common elements are parts of a condo that are assigned to individual units, but considered community property rather than the tenant's. Examples of limited common elements include windows, balconies, driveways, elevators, clubhouses, and swimming pools.

US Legal Forms
Condominium Master Deed - Residential Condo Development

Condominium Common Element With Bright Red Highlights In Michigan

Category:

Real Estate - Condominiums

State:

Multi-State

Control #:

US-00454

Format:

Instant download

Description

The Master Deed establishes a Condominium Project under Michigan law, detailing condominium common elements critical for co-owners. Key features include defined rights to units, undivided rights to general and limited common elements, and specific responsibilities for maintenance and repair. The document outlines both General Common Elements, like roads and utilities, and Limited Common Elements, including private driveways and docks. It emphasizes the communal nature of ownership and provides clear guidelines for co-owner responsibilities, utility easements, and maintenance duties. Filling and editing instructions recommend drafting detailed unit descriptions in exhibits A and B, alongside a legal description of the property. Target users, including attorneys, owners, and paralegals, will benefit by understanding their rights and obligations, ensuring compliance with the Condominium Act while efficiently managing property interests. This clarity is crucial for mediating disputes, enhancing cooperation among co-owners, and promoting property maintenance standards in the community.

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FAQ

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 ...

Limited common elements are parts of a condo that are assigned to individual units, but considered community property rather than the tenant's. Examples of limited common elements include windows, balconies, driveways, elevators, clubhouses, and swimming pools.

Section 57 of the Act provides that all books, records, contracts, and financial statements concerning the administration and operation of the inium project shall be available for examination by any of the co-owners at convenient times.

Sec. 84a. (1) The developer shall provide copies of all of the following documents to a prospective purchaser of a inium unit, other than a business inium unit: (a) The recorded master deed.

Maintenance, repair, and replacement of a limited common element is usually the responsibility of the association except to the extent the declaration shifts that duty to the unit owner.

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.

Sec. 47. (1) Subject to the prohibitions and restrictions in the inium documents, a co-owner may make improvements or alterations within a inium unit that do not impair the structural integrity of a structure or otherwise lessen the support of a portion of the inium project.

The dissolution of a homeowners association in Michigan necessitates a formal resolution, approval from a majority of members, and adherence to specific procedures set forth in the Michigan Nonprofit Corporation Act.

Section 112 requires any co-owner desiring to lease out a unit to disclose that fact in writing to the association at least 10 days before presenting a lease or otherwise agreeing to grant possession of a unit to a tenant, and to supply the association with an exact copy of the lease form to be used to enable the ...