Condominium Owners Clause Samples
Condominium Owners. The Partnership which will own the condominium unit consisting of the Existing Improvements which will be rehabilitated and converted into two hundred seventy-eight (278) apartment units and the purchasers of the Penthouses.
Condominium Owners. If your dwelling is a condominium or cooperative unit:
A. We cover items of real property attached to the unit owned by you on the residence premises. Real property includes alterations, appliances, fixtures, and improvements fastened to the fixed walls or floors within the unit.
B. We cover property which is your insurance responsibility under an association of owners agreement. This would include your share of any association policy deductible but only when it is not assessed against all unit-owners.