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The Uniform Common Interest Ownership Act was created to provide a model set of laws to govern condominium, cooperative, homeowner association and planned unit development communities in the United States. Variations of the act have been adopted in Colorado, Washington (state), and some other states.
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
Condominium building. Utah Code Title 57 Chapter 8 is the Condominium Ownership Act authored by Keith Romney and passed into law in 1960. The Act allowed individuals to have private ownership of property in a collective unit. [1] Although authored in 1960, the Act wasn't officially adopted until 1963. [2]
A condominium (plural either condominia, as in Latin, or condominiums) in international law is a territory (such as a border area or a state) in or over which multiple sovereign powers formally agree to share equal dominium (in the sense of sovereignty) and exercise their rights jointly, without dividing it into "national" zones.
Nationwide, condo sales are falling and for-sale inventory is piling up. As of July 2024, condos under contract fell 5.5% compared to a year earlier, according to Redfin data, while listings were ...
Not surprisingly, condo listings are up across the state of Florida. According to Florida Realtors , as of November 2024, new listings of condos and townhouses rose by 5.5% year-over-year.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]
A condominium (or condo for short) is a salable unit within a larger community, often a high-rise building. Condos can be a good option for anyone who wants to keep home maintenance to a minimum ...