Contractable condominium definition

Contractable condominium means a condominium from which one or more portions of the submitted land may be withdrawn in accordance with the provisions of the declaration and of this chapter. If such withdrawal can occur only by the expiration or termination of one or more leases, then the condominium shall not be deemed a contractable condominium within the meaning of this chapter.
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Contractable condominium means a condominium from which one or more portions of the
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Contractable condominium means a condominium from which one or more portions of the submitted land may be withdrawn in accordance with the provisions of the declaration and of this chapter.
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More Definitions of Contractable condominium

Contractable condominium means a condominium project from which any portion of the submitted land or buildings may be withdrawn in accordance with this act.
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Contractable condominium means a condominium from which 1 or more portions of the submitted land may be withdrawn in accordance with the provisions of the declaration
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Related to Contractable condominium

  • Expandable condominium means a condominium project to which additional land may be added in accordance with this act.

  • Condominium project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Condominium means a common interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common interest community is not a condominium unless the undivided interests in the common elements are vested in the unit owners.

  • 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.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.