COMMON ELEMENTS CONDOMINIUM Clause Samples
The Common Elements Condominium clause defines the shared areas and facilities within a condominium property that are collectively owned and maintained by all unit owners. These common elements typically include spaces such as lobbies, hallways, elevators, recreational facilities, and exterior grounds, which are accessible to all residents. The clause outlines the rights and responsibilities of unit owners regarding the use, maintenance, and costs associated with these shared spaces. Its core function is to ensure clarity in ownership and maintenance obligations, thereby preventing disputes and promoting the smooth operation of the condominium community.
COMMON ELEMENTS CONDOMINIUM. The property shall be deemed to include a common interest in the Condominium Corporation being....T...S..C...P................................................................
COMMON ELEMENTS CONDOMINIUM
