Condominium Property definition

Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.
Condominium Property means all real and personal property submitted to the provisions of this chapter, including land, the buildings, improvements, and structures on that land, the land under a water slip, the buildings, improvements, and structures that form or that are utilized in connection with that water slip, and all easements, rights, and appurtenances belonging to the land or to the land under a water slip.
Condominium Property means the land and personal property that are subjected to condominium ownership under this Declaration, all improvements on the land, and all easements and rights appurtenant thereto intended for use in connection with the Condominium.

Examples of Condominium Property in a sentence

  • If this property is a condominium unit which is part of a common interest community, the purchaser of the unit at the foreclosure sale other than a mortgagee shall pay the assess- ments required by The Condominium Property Act, 765 ILCS 605/18.5(g-1).

  • If there is a conflict between the Residential Tenancies Act and the Condominium Property Act, the Condominium Property Act applies.

  • If this property is a condominium unit, the purchaser of the unit at the foreclosure sale, other than a mortgagee, shall pay the assessments and the legal fees required by The Condominium Property Act, 765 ILCS 605/9(g)(1) and (g)(4).

  • In this Section “the Act” means the Condominium Property Act or similar Act governing condominiums in the province of registration (as from time to time amended or replaced) and “Condominium Corporation” means the corporation created by the registration of a Declaration under the Act.

  • If the sub- ject mortgaged real estate is a unit of a common interest community, the purchaser of the unit other than a mort- gagee shall pay the assess- ments required by subsection (g-1) of Section 18.5 of the Condominium Property Act.


More Definitions of Condominium Property

Condominium Property means each such Property.
Condominium Property means the lands, leaseholds,
Condominium Property means the land covered by the master deed, whether or not contiguous and all improvements thereon, all owned either in fee simple or under lease, and all easements, rights and appurtenances belonging thereto or intended for the benefit thereof.
Condominium Property means property as defined in subsection 1 (1) of the Condominium Act, 1998; (“propriété condominiale”)
Condominium Property means a Multifamily Property that has been converted into residential condominium units for the purpose of sale. For purposes of this definition and the definition ofCondominium Property Value” a Multifamily Property will be deemed “converted” into residential condominium units once both of the following have occurred: (a) notice of the conversion has been sent to the tenants of such Property; and (b) a declaration of condominium or other similar document is filed with the applicable Governmental Authority.
Condominium Property means and include the lands that are subject to Condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the Condominium.
Condominium Property means any Owned Property that is an individual residential condominium unit in a low-rise or high-rise condominium project, but not a single family home.