Condominium

Business / Real Estate / Condominium: A subdivision providing an exclusive ownership interest in the airspace of a particular portion of real property, as well as an interest in common in a portion of that property.

Condominium Ownership

Business / Real Estate / Condominium Ownership: An estate in real property consisting of an individual interest in an apartment or commercial unit and an undivided common interest in the common areas in the condo project such as the land, parking a MORE

Uniform Condominium Act (UCA)

Business / Real Estate / Uniform Condominium Act (UCA): Many states have adopted the Uniform Condominium Act (UCA). Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) MORE

Declaration Of Condominium

Business / Real Estate / Declaration Of Condominium: The declaration includes: 1. A legal description of the condominium units and the common elements (including limited common elements-those that serve only one particular unit), 2. A copy of the condom MORE

Time-Sharing

Business / Real Estate / Time-Sharing: A modern approach to communal ownership and use of real estate that permits multiple purchasers to buy undivided interests in real property (usually in a resort condominium or hotel) with a right to u MORE

Department Of Veterans Affairs (VA) Mortgage

Business / Taxes / Department Of Veterans Affairs (VA) Mortgage: Department of Veterans Affairs (VA) mortgages enable qualifying veterans or their surviving spouses to borrow up to the annual federal limit in order to buy conventional homes, mobile homes, and condo MORE

Master Deed

Business / Real Estate / Master Deed: The principal conveyance document used by the owners of land on which condominiums are located. MORE

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