Who owns the land around a condo?

Inium is a Latin word that means "Owning property together." That's what it is like when someone buys a condo unit. They have an "interest" in the land beneath the building, but the building's association owns the actual land.

What did the Supreme Court rule about HOA in Arizona?

The Supreme Court held that an HOA may not rely on a general amendment power provision in its covenants, conditions, and restrictions to place restrictions on landowners' use of their land only as to those restrictions for which the HOA's original declaration has provided sufficient notice.

US Legal Forms
Condominium Master Deed - Residential Condo Development

Condo Master Deed And Bylaws In Phoenix

Q: Who owns the land around a condo?

Inium is a Latin word that means &quot;Owning property together.&quot; That&#039;s what it is like when someone buys a condo unit. They have an &quot;interest&quot; in the land beneath the building, but the building&#039;s association owns the actual land.

Q: What is the right of termination of a condo in New Jersey?

YOUR TENANCY CAN BE TERMINATED UPON 60 DAYS&#039; NOTICE IF YOUR APARTMENT IS SOLD TO A BUYER WHO SEEKS TO PERSONALLY OCCUPY IT. IF YOU MOVE OUT AS A RESULT OF RECEIVING SUCH A NOTICE, AND THE LANDLORD ARBITRARILY FAILS TO COMPLETE THE SALE, THE LANDLORD SHALL BE LIABLE FOR TREBLE DAMAGES AND COURT COSTS.

Category:

Real Estate - Condominiums

State:

Multi-State

City:

Phoenix

Control #:

US-00454

Format:

Instant download

Description

The Condo master deed and bylaws in Phoenix serve as a foundational legal document that establishes the rights and responsibilities of co-owners within a condominium project. It outlines the properties included in the project and defines the common and limited common elements, detailing the division of maintenance responsibilities between the co-owners and the association. Additionally, it provides instructions on filling and editing, including the amendment process that requires a percentage of co-owner consent. This form is particularly useful for attorneys, partners, and owners as it ensures legal compliance under the Arizona Condominium Act and clarifies property rights. Paralegals and legal assistants will find value in its structured layout for preparation and record-keeping. The document also includes provisions for unit modification and easements, which could be relevant for various development plans. Overall, it is designed to protect interests and maintain order in shared residential spaces.

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FAQ

Inium Rules means the Rules for the use of the Premises that are adopted from time to time by the Board of Directors. inium Rules . Your unit is confirmed with the understanding that you will adhere to the rules and regulations set by individual inium or homeowner associations.

ACT is the statewide high school achievement test for Arizona students in the Grade 11 cohort. ACT will be administered to students in Cohort 2026 in Spring 2025.

Arizona Planned Communities Act This act governs homeowners associations in Arizona and details a number of matters pertaining to planned communities, such as assessment collection limitations, the maintenance of a homeowner's association records, the management of such entities, and the requirements for meetings.

Inium is a Latin word that means "Owning property together." That's what it is like when someone buys a condo unit. They have an "interest" in the land beneath the building, but the building's association owns the actual land.

The Arizona inium Act is a set of statutes enacted by the Arizona legislature that applies to the governance and operation of iniums and inium associations in the state of Arizona.

33-1243 - Board of directors and officers; conflict; powers; limitations; removal; annual audit; applicability. A. Except as provided in the declaration, the bylaws, subsection B of this section or other provisions of this chapter, the board of directors may act in all instances on behalf of the association.

YOUR TENANCY CAN BE TERMINATED UPON 60 DAYS' NOTICE IF YOUR APARTMENT IS SOLD TO A BUYER WHO SEEKS TO PERSONALLY OCCUPY IT. IF YOU MOVE OUT AS A RESULT OF RECEIVING SUCH A NOTICE, AND THE LANDLORD ARBITRARILY FAILS TO COMPLETE THE SALE, THE LANDLORD SHALL BE LIABLE FOR TREBLE DAMAGES AND COURT COSTS.

The Supreme Court held that an HOA may not rely on a general amendment power provision in its covenants, conditions, and restrictions to place restrictions on landowners' use of their land only as to those restrictions for which the HOA's original declaration has provided sufficient notice.