Condominium Real Estate Definition In Broward

State:
Multi-State
County:
Broward
Control #:
US-00455
Format:
Word; 
Rich Text
Instant download

Description

The Condominium Real Estate Definition in Broward is encapsulated in the Contract for the Sale and Purchase of Real Estate Developed Condominium Unit. This document outlines the mutual agreement between the seller and buyer for the transaction of a specified condominium unit, highlighting key features such as property description, purchase price, earnest money, closing costs, and insurance responsibilities. The form requires both parties to fill in critical details such as the unit number, sale price, earnest deposit, closing and possession dates, and any special provisions that may apply. Users must ensure they adhere to the specific requirements regarding financing contingency and proration of property taxes. This form serves a vital purpose for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a legally binding framework for real estate transactions, ensuring clarity and protection of rights. Additionally, the inclusion of provisions for breach of contract, title conveyance, and disclosures on common area ownership promotes transparency. It is crucial for users to read the form carefully and customize it to their particular circumstances as needed.
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FAQ

Synonyms: condo. abode, domicile, dwelling, dwelling house, habitation, home. housing that someone is living in.

A inium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.

A inium, more commonly known as a "condo,” is a residential property privately owned and rented out to tenants. Unlike apartments that are leased via an agency or landlord on-site, renting iniums involves a one-on-one process between the owner of the condo and the prospective tenant.

As defined by section 718.103, Florida Statutes, “inium” means that form of ownership of real property created pursuant to Chapter 718 of the Florida Statutes, which is comprised entirely of units that may be owned by one or more persons, and in which there is, appurtenant to each unit, an undivided share in ...

If you have lost or misplaced your original deed (or other legal document which has been recorded), you can obtain a certified copy from the Recording Office where the original document was recorded. A certified copy has the legal validity of the original document.

Non-Profit, Religious, Educational & Governmental Exemptions - Click here to learn more. Homestead Exemption does not transfer from property to property. If you had this exemption last year on another property and moved, you must file a new application for your new residence.

If you have lost or misplaced your original deed (or other legal document which has been recorded), you can obtain a certified copy from the Recording Office where the original document was recorded. A certified copy has the legal validity of the original document.

You may also contact the Broward County Call Center at 954-831-4000 for further assistance. If you are not able to locate a copy of the survey, you should contact a survey company for information about obtaining a new survey for your property.

A person can file a quitclaim deed by (1) entering the relevant information on a quitclaim deed form, (2) signing the deed with two witnesses and a notary, and (3) recording the deed at the county comptroller's office. In Florida, quitclaim deeds must have the name and address of both the grantor and the grantee.

Division, Address and Room NumberHours of Operation and Phone Numbers Evidence Central Courthouse Judicial Complex, West Building 201 S.E. 6th Street Fort Lauderdale, FL 33301 Monday - Friday a.m. - p.m. Excluding Holidays 954-831-5537 954-831-553922 more rows

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Condominium Real Estate Definition In Broward